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Unstated by management: we wait on Rio Tinto and the pursuit of a buyout transaction. When? Ask the blank, unblinking stone wall that is Rio Tinto I suppose, if it amuses you to throw pebbles down a deep well.
BUT, there will be a substantial premium coming, of that I am most confident. And if metals prices trends can continue to apply a little writhing discomfort to Rio Tinto, so much the better. cg
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