RE: poison pilleyepity4,
A poison pill only protects shareholders against a hostile takeover. Our best insurance right now is that the ownership has three [four?] large investors that hold controlling interest. That could be a good thing or a bad thing in that THEY could take us over but I'm hoping they're only interested in making money by being investors. Any hostile bid would have to convince them and the insiders to a deal so that is our protection. A bigger danger is where the insiders cut a deal with a third party like Xstrata but again our protection is Arias, Mackenzie and Eton Park. If they're in on it then we're sunk but that would be a bit unlikely. I don't like our off-take agreement with Glencore but unless our major investors are in cahoots with them we should be safe. Anyone can make an offer to buy the company but they have to get the majority to be willing to sell.