I said at the time the deal was struck what they basically did was take a $2m put option on the copper price - just keep kicking the tin down the road under the D/D period - ask for an extension or 2 then try and renegotiate a sweeter deal - nothing to lose ! either you get it , or you dont in either case they could still walk away as Xstrata did.
AOH Price at posting:
9.9¢ Sentiment: None Disclosure: Not Held