Oriel Resources Share Discussion Threads

[mikehardman] 16/10/2006 21:13

Cracking news today :))

Apart from everything else, ORI is now big enough for KazChrome/ENRC to bother taking an interest, methinks...
KazChrome is owned by Eurasian Natural Resources Corp., Kazakhstan (ENRC).
To quote from Forbes in March this year:
"Last year ENRC generated an $800 million profit on sales, mostly in Kazakhstan, of $2.9 billion. Taken public, it might command a market value of $6 billion."
There's a good tale about the trio driving ENRC at
Three snippets therefrom:
- "in 2001 ENRC expanded into new minerals, including nickel in the Balkans and cobalt in Zambia" - just to show they are expansionist
- "Every Christmas the three men gather in Courchevel to trade barbs, ski and, most importantly, tend to a Swiss-incorporated metals and mining conglomerate - ENRC." - will Oriel be on the agenda this year?
- "They also brought in Dutch tax lawyer Peter Hamelink to scrub the books. He believes the firm will be ready for a public offering by 2007." - Last Christmas in Courchevel they discussed the possible London flotation; if it goes ahead, what will they do with the fresh capital?...

Chart showing TSE:ORL's continued advance while LSE:ORI suspended - continues to bode well for LSE:ORI when it comes back to market

free stock charts from ADVFN.COM

We live in interesting times!

[brad1] 16/10/2006 15:41

42p equivalent in Canada at the moment

[f430] 16/10/2006 14:36

Kermit, i think Cinoib may not be playing with a full deck...

[adam] 16/10/2006 10:43

Well I don't see any mention of Abramovich. Perhaps that will folow, who knows.
Anyway the deal looks pretty good. For 250m shares we get a smelter and for 100m shares we get $100m in cash issued at 51p. Hence 560m shares in issue -> $540m m/cap (at 51p). I think the market may like it a lot. Worth noting also that Schevchenko is being kept and will now be seen as a non dilutive asset given that cashflow will be available from early 2007. Nickel spot @ 19 year high over $15/lb.

[kermit] 16/10/2006 10:22

i bet it will trade near the equilivent of 45p and then fall back

[brad1] 16/10/2006 10:12

will be interesting to see how it performs on TSE today.

[knackers] 16/10/2006 09:16

This is a big league transformation. Re above cmnts Both RDG and ORI are now on the cusp of production, no longer exploration. In the current market that's highly significant.

[unionhall] 16/10/2006 08:34

Yes Novicedave I'm in RDG but I don't think this is in the same league given the scale of the transformation in the company and the bringing forward of cash-flow to early 2007 - always beloved by investors.

[novicedave] 16/10/2006 08:29

union- no (regarding the resumption price), see RDG (placing at 45p with options at 70p, currently trading at 39.5p after peaking c.41p)

also, seeing as if this deal is approved it will leave whoever is behind Croweley with a large chunk of the company, we are likely to see a takeover offer made in the near future (as in within 6 months or so)- we might not even see a resumption of trading.

[novicedave] 16/10/2006 08:28

i was thinking the same thing andy.

very encouraging- looks like the bigger players value ORI in the 52p region.

[unionhall] 16/10/2006 08:28

I take it 51p will be the minimum resumption price ?

Hope we get lots of press in the meantime....

[2ar] 16/10/2006 08:27

Maybe that's Where Croweley's asset's came from.

[brad1] 16/10/2006 08:14

What happenened to Ibramovic - is there a possibility he make make an offer for the enlarged group?

[kermit] 16/10/2006 07:22

RNS Number:4883K
Oriel Resources PLC
16 October 2006


AIM: ORI
TSX: ORL
16 October 2006
Oriel Resources plc
Oriel to become vertically integrated ferrochrome producer
and attracts strategic investment at premium to pre-suspension share price

Oriel Resources Plc ("Oriel"), a London-based chrome and nickel exploration and
mining company, is pleased to announce that it has entered into two separate but
inter-conditional acquisition agreements. Under the first agreement, Oriel will
acquire IPH Polychrom Holding BV ("IPH"), an unlisted Dutch holding company
which is at an advanced stage of constructing a ferrochrome smelter at Tikhvin
near St Petersburg, Russia (the "IPH Acquisition"). Under the second agreement,
Oriel will acquire Croweley International Limited ("Croweley"), an unlisted BVI
company (the "Croweley Acquisition"). At closing, Croweley's only asset will be
cash of US$100,000,000. The IPH Acquisition and the Croweley Acquisition
(together, the "Acquisitions") constitute a reverse takeover of Oriel under the
AIM Rules and in each case the consideration will be the issue by Oriel of new
Ordinary Shares.
Highlights

* Oriel's two main assets are a chromite project at Chromtau, Aktobe
Oblast in north western Kazakhstan ("Voskhod") and a nickel project at
Zhetygara, Kustanay Oblast in north western Kazakhstan ("Shevchenko"). The
combination of Oriel and IPH will create an integrated ferrochrome business
comprising the development of a chromite mine, processing plant and
ferrochrome smelter.

* Concurrently, Oriel has agreed to acquire Croweley. The Croweley
Acquisition will provide the enlarged group ("New Oriel") with US$100
million in cash which is intended to be used to finance the development of
the Voskhod mine (in addition to anticipated debt finance), for working
capital purposes, to advance development of the Shevchenko project and to
pursue strategic opportunities. Croweley is currently 100% beneficially
owned by Alexander Nesis. Mr Nesis also beneficially owns 50% of the Tikhvin
operations through his indirect shareholding in IPH.

* The investment being made through the Croweley Acquisition is at a price
of 51.81 pence per Ordinary Share (based on an exchange rate of US$1.8761
per pound sterling), or a 38% premium to the closing price of Ordinary
Shares on AIM (37.5 pence) when trading was suspended on 14 September 2006.

* Upon closing the Acquisitions, IPH and Croweley will become subsidiaries
of Oriel. At that time and on an issued share basis, existing Oriel
shareholders will hold approximately 36.7% of New Oriel, while the IPH
shareholders will hold approximately 44.8% and the Croweley shareholder will
hold approximately 18.5%.

* Oriel will retain its name, Dr Sergey V. Kurzin will continue as
Executive Chairman and Oriel's management team will remain in place. The
board of directors will include the addition of Alexander Nesis, Ehud Rieger
(each of whom are direct or indirect shareholders of IPH) and Neil Woodyer
(Managing Director of Endeavour Financial International Corporation). These
additions are facilitated by each of David Swan, Dr Nic Barcza and Lord
Mackenzie of Framwellgate agreeing to step down from the board as of 13
October 2006. Each of Messrs Swan and Barcza will continue to be integral
parts of the New Oriel management team reporting directly to the Executive
Chairman. David Swan continues as CFO and Company Secretary and Dr Barcza
continues as General Manager - Market Development & Project Evaluation.

* New Oriel is expected to have cashflow from Tikhvin in early 2007,
approximately one year earlier than the projected start-up of the Voskhod
mine. New Oriel intends to source chromite ore for the Tikhvin smelter from
Turkish and other sources until production commences at Voskhod.

* Trading in Oriel's Ordinary Shares and Warrants on AIM is expected to
resume after posting an admission document to shareholders. This admission
document is currently being prepared and will be posted as soon as
reasonably practicable.

* The Acquisitions are subject to the approval of existing Oriel
shareholders at an extraordinary general meeting to be held as soon as
reasonably practicable, but no earlier than 23 days following the posting of
the admission document. Oriel directors intend to unanimously recommend that
shareholders vote in favour of the proposed resolutions at the EGM. Oriel
has received irrevocable undertakings to vote in favour of the Acquisitions
from its existing directors in respect of 7% of the Ordinary Shares. The
Acquisitions are also subject to the admission to trading on AIM of the
Ordinary Shares and Warrants of Oriel and to the approval of the Toronto
Stock Exchange.

Commenting on the Acquisitions, Dr Sergey V. Kurzin, Executive Chairman of Oriel
said:

"The proposed transactions offer a unique opportunity to Oriel shareholders.
Under this three-way combination, our shareholders will benefit from the assets,
expertise, and political and financial strength of the entities we have brought
together. New Oriel will be a vertically integrated ferrochrome business with a
strong financial footing and increased capacity to develop our Shevchenko nickel
project. I am particularly pleased that our new partners from the IPH
Acquisition have shown their commitment by investing US$100 million in cash.
Looking ahead, New Oriel will have a strong foundation from which to explore
further growth opportunities, both vertically and horizontally, in the
ferro-alloy and stainless steel industries."

This summary should be read in conjunction with the full text of this
announcement which follows.

Enquiries

Oriel Resources Plc - For further information please contact:

Dr Sergey V. Kurzin, Executive Chairman, Oriel Resources plc
Nick Clarke, Managing Director, Oriel Resources plc
Gavin Dallas, Marketing and PR, Oriel Resources plc
Tel: [phone]
www.orielresources.com


Not for release, publication or distribution in or into the United States of
America,
Australia, South Africa or Japan

This announcement does not constitute an offer or invitation to purchase any
securities.

Not for release, publication or distribution in or into the United States of
America, Australia, South Africa or Japan
16 October 2006

Oriel Resources to become vertically integrated ferrochrome producer
and attracts strategic investment at premium to pre-suspension share price

Introduction

Oriel Resources Plc ("Oriel"), a London-based chrome and nickel exploration and
mining company, is pleased to announce that it has entered into two separate but
inter-conditional acquisition agreements.

Under the first agreement, Oriel will acquire IPH Polychrom Holding BV ("IPH"),
an unlisted Dutch holding company which is at an advanced stage of constructing
a ferrochrome smelter at Tikhvin near St Petersburg, Russia (the "IPH
Acquisition"). The current shareholders of IPH are Polyprom Holdings BV (of
which Alexander Nesis is a principal), A&NN Properties Limited (of which
Alexander Mamut is a principal), Baran Group Ltd (an Israeli public company),
members of the Rieger family and Baran-Alrig Ltd (of which Baran Group Ltd, Ehud
Rieger and other members of the Rieger family are principals). Oriel will
acquire 100% of the issued share capital of IPH in exchange for the issue of
248,971,014 Ordinary Shares.

Under the second agreement, Oriel will acquire Croweley International Limited
("Croweley"), an unlisted BVI company (the "Croweley Acquisition"). On closing
of the acquisitions ("Closing"), Croweley's only asset will be cash of
US$100,000,000. Oriel will acquire 100% of the issued share capital of Croweley
in exchange for the issue of 102,880,584 Ordinary Shares. This acquisition
implies a price of 51.81 pence per share, being a 38% premium to Oriel's closing
price of 37.5p on 14 September 2006, when the Ordinary Shares were suspended on
AIM (at the Bloomberg prevailing exchange rate of US$1.8761/#1.00 on 13
September, the day prior to the suspension of trading in Ordinary Shares on
AIM).

Croweley is currently 100% beneficially owned by Alexander Nesis. Mr Nesis also
beneficially owns 50% of the Tikhvin operations through his indirect
shareholding in IPH.

The IPH Acquisition and the Croweley Acquisition (together, the "Acquisitions")
are inter-conditional. In view of the size of each of IPH and Croweley in
relation to Oriel, the Acquisitions constitute a reverse takeover of Oriel under
the AIM Rules and therefore require the approval of Oriel's shareholders at an
extraordinary general meeting (the "EGM") to be held as soon as reasonably
practicable, but no earlier than 23 days following the posting of the admission
document to Oriel shareholders. The Acquisitions are also subject to approval
from the Toronto Stock Exchange (the "TSX") and a waiver from the Panel on
Takeovers and Mergers (the "Panel"), each of which are discussed below.

On completion of the Acquisitions, IPH and Croweley will become subsidiaries
within the enlarged Oriel group ("New Oriel"). At that time and on an issued
share basis, existing Oriel shareholders will hold approximately 36.7% of New
Oriel, while the IPH shareholders will hold approximately 44.8% and the Croweley
shareholder will hold approximately 18.5%.

As a result of share price movement and market rumour, trading in Oriel's
Ordinary Shares and Warrants on AIM was suspended on 14 September 2006. The
suspension of trading in the Ordinary Shares and Warrants on AIM is expected to
be lifted on posting of an admission document relating to the Acquisitions,
which is being prepared and will be posted to shareholders as soon as reasonably
practicable.

Background to and reasons for the Acquisitions

The Tikhvin ferrochrome smelter ("TFS") is expected to start production of
ferrochrome in early 2007 and will require substantial quantities of chromite
ore. Oriel's Voskhod Chromite Project ("Voskhod") is currently expected to start
production in the first half of 2008. Prior to the start of production at
Voskhod and to any extent as may be necessary thereafter, New Oriel expects to
source ore for the TFS from Turkish and other sources. In anticipation of the
start-up at the TFS, initial contracts for ore from Turkish sources have already
been entered into by the IPH group.
The IPH Acquisition will provide:

* Oriel with a dedicated consumer of a substantial part of Voskhod's
anticipated production with the remainder of Voskhod's production to be sold
to third parties;

* the TFS with a vertically integrated source of chromite ore; and

* Oriel with opportunities to optimise the economics and processes
currently contemplated at the TFS.

The IPH Acquisition will create an integrated chromite mine, processing plant
and ferrochrome smelter which the directors believe will create significant
value for Oriel shareholders. In particular:

* the IPH Acquisition will provide New Oriel with exposure to the
ferrochrome market which is generally more liquid than the chromite market;

* New Oriel will have a wider range of potential customers as a supplier
of both chromite ore and ferrochrome; and

* New Oriel will have the flexibility to manage ore production and
smelting capacity in response to prevailing market conditions.

In addition, conditional upon and concurrently with the IPH Acquisition, Oriel
will acquire Croweley. At Closing, Croweley will have a net cash balance of
US$100 million which is intended to be used:

* to finance the development of the Voskhod mine (in addition to
anticipated debt finance);

* for working capital purposes;

* to expedite the development of the Shevchenko project; and

* to pursue future strategic opportunities.

As a result, New Oriel will have a significantly stronger cash position and
balance sheet than the current Oriel group. New Oriel is expected to commence
cashflow generation (through the TFS) approximately one year earlier than would
be the case if the IPH Acquisition was not to occur. The directors believe that
these two factors, amongst others, should make it easier to raise further funds
which may be used to expedite the development of the Shevchenko Nickel Deposit
and allow New Oriel more options for further participation in the ferro-alloy
and stainless steel industries.

Finally, the directors believe that New Oriel will benefit from the combination
of Oriel's access to western capital markets and technical expertise as well as
the political and financial strengths of its new shareholders.

Strategic Development Plan

The immediate goals of New Oriel will be to:

* commence production of ferrochrome at the TFS;

* secure debt finance, continue construction and commence commercial
mining operations at Voskhod; and

* integrate the production of Voskhod and the TFS.

In the longer term, New Oriel will seek to advance development of the Shevchenko
Nickel Project and to leverage its assets, size and skills to further
participate in the ferro-alloy and stainless steel industries if appropriate
opportunities become available.

The Board

As a result of the proposed additions to the board of directors, each of David
Swan, Dr Nic Barcza and Lord Mackenzie of Framwellgate have agreed to stand down
as directors of Oriel as of 13 October 2006. David Swan will continue as CFO and
Company Secretary and continue to be a valuable member of the Executive
Management Committee (the "EMC"). Dr Barcza will also continue as an integral
member of the EMC in his role as General Manager - Market Development & Project
Evaluation. Each of David Swan and Nic Barcza will report directly to the
Executive Chairman in their new roles. Conditional on the Acquisitions becoming
effective and the approval of shareholders at the EGM, Alexander Nesis, Ehud
Rieger and Neil Woodyer have agreed to become non-executive directors of the
Company (brief biographies of each proposed director are set out below). The
proposed directors have not yet entered into letters of appointment with Oriel
but, subject to being appointed at the EGM, are expected to do so. Details of
these letters of appointment will be included in the admission document.

Alexander Nesis

Alexander Natanovich Nesis was born on 19 December 1962. In 1985 he graduated
from the physical-chemical department of the Leningrad technological institute.
Between 1985 and 1990 he worked as supervisor and deputy shop floor
superintendent at Baltijsky shipyards. Since 1990 he has been active as a
businessman and in 1993 he was appointed the General Director of CJSC ICT and he
is, indirectly, a significant shareholder in IPH. From 1998 to 2003 he also
worked as the General Director and a member of the board of directors of OAO
MNPO Polymetal. He is currently a director of CJSC ICT and chairman of the board
of directors of North West Ferro-Alloys, a subsidiary of IPH ("NWF").

Ehud Rieger

Ehud Rieger was born on 3 February 1962. In 1989 he graduated from Tel Aviv
University Law School and subsequently obtained an MBA from INSEAD in
Fontainbleau, France. Mr Rieger was a founder of the Alrig group of companies
and continues to be a partner in that group and the CEO of Alrig Investments &
Finance Limited. The Alrig Group comprises a number of investment companies
investing in Israel and Western and Eastern Europe. Mr Rieger has managed the
group's activities in Russia and also been active in its operations in The
Netherlands. In addition he has managed the Israeli real estate business, Migdal
Haneviim Limited since 2001. He is currently a director of a number of companies
including The Alrig Group, ACP Advanced Core Technology Ltd and NWF, as well as
being himself a shareholder in IPH.

Neil Woodyer

Neil Woodyer was born on 2 October 1943 and is the founder and Managing Director
of Endeavour Financial International Corporation ("Endeavour Financial"). He is
responsible for managing financial advisory mandates and investment related
services. His experience in natural resource marketing and finance spans thirty
years, including Chief Executive Officer positions with Lloyds International
Trading, a subsidiary of Lloyds Bank specialising in project and trade finance
and commodity trading, Amalgamet's group of New York and Latin American based
metal trading, and mining finance companies. He is a Fellow of the Institute of
Chartered Accountants in England and Wales.

Financial Advisers

Oriel's Nominated Adviser and broker is Canaccord Adams Limited ("Canaccord")
and its financial adviser for debt and merger and acquisition transactions is
Endeavour Financial. IPH's financial adviser is Morgan Stanley & Co. Limited. On
completion of the Acquisitions, it is anticipated that Canaccord will continue
as Nominated Adviser and co-broker to New Oriel, Morgan Stanley will become
financial adviser and co-broker to New Oriel and Endeavour Financial will
continue in its current role as financial adviser in respect of debt and
acquisition opportunities.

Panel & TSX Consent

Following completion of the Acquisitions, the vendors of IPH and the Croweley
vendor, who are deemed to be acting in concert by the Panel, will between them
be interested in 351,851,598 Ordinary Shares representing approximately 63% of
the share capital of New Oriel. An application will be made to the Panel for a
waiver (the "Panel Consent") of the obligation to make a general offer under
Rule 9 of the City Code that would otherwise arise on completion of the
Acquisitions. If granted, the Panel Consent would be subject to the approval of
independent shareholders at the EGM on a poll.

In order to obtain TSX approval, New Oriel must meet all of the TSX's original
listing requirements. The directors anticipate that New Oriel will meet all of
these requirements, but if it does not, New Oriel will apply to de-list its
Ordinary Shares from the TSX, in which case it intends to continue to have the
Ordinary Shares and Warrants admitted to trading on AIM.

Terms of the Acquisitions

Completion of the Acquisitions is conditional on, amongst other things, Panel
Consent, the approval of Oriel shareholders of the relevant resolutions to be
proposed at the EGM, Admission, Russian anti-monopoly consent, the waiver of
pre-emption rights of the Republic of Kazakhstan under applicable law in
relation to the Acquisitions, Croweley having cash of US$100 million at Closing
and no material breach of the various representations and warranties given by
the parties to the relevant agreements taking place prior to completion.

Lock-in Arrangements

As required by Rule 7 of the AIM Rules, each of (a) the existing directors, the
proposed directors and their associates (as defined in the AIM Rules) who hold
Ordinary Shares or Warrants, (b) the IPH shareholders and (c) the Croweley
shareholders on Admission who are either also IPH shareholders or otherwise hold
more than 10% of Oriel shares, will agree not to sell, transfer or otherwise
dispose of any interest in any Ordinary Shares or Warrants held by them
immediately following Admission (other than in certain limited circumstances)
for a period of 12 months.

On an issued share basis, these lock-in arrangements currently apply in respect
of 366,242,965 Ordinary Shares representing 66% of New Oriel's share capital.

Information on Oriel Resources

Oriel was formed in July 2003 and is a London-based chrome and nickel
exploration and mining company with its Ordinary Shares and Warrants admitted to
trading on AIM and its Ordinary Shares listed on the TSX. Its primary focus is
on the identification, acquisition, exploration and development of advanced and
high quality chrome, nickel, and other alloying opportunities in the countries
of the FSU, including Kazakhstan and the Russian Federation.

The Oriel group currently has two projects, namely the Voskhod Chrome Project
and the Shevchenko Nickel Project, both situated in north-western Kazakhstan.
Following the results of recent feasibility studies for both projects and given
the current high demand for chrome and nickel products, the directors intend to
work towards fast-tracking the Voskhod Chrome Project into production and
developing the Shevchenko Nickel Project.

Information on IPH

IPH is a Dutch-based holding company which has direct and indirect Russian
subsidiaries which have been actively developing the TFS in Tikhvin, near St
Petersburg, Russia since 2004. The TFS is approximately 85% complete and
construction is fully financed as at the end of September 2006. The Directors
expect that construction of the TFS will be completed in early 2007. Commercial
smelting is expected to start in the first half of 2007. The market for TFS's
ferrochrome is expected to be Europe with further possible markets in China and
the US.

Ferrochrome smelting requires three main raw materials: chromite ore, coke and
quartzite flux. IPH currently expects to source coke and quartzite from
producers in Russia. Subject to completing the IPH Acquisition and Voskhod
entering into commercial production, the directors expect that Voskhod will
provide the majority of chromite ore for the TFS, immediately transforming the
Group from a mining production company into an integrated mine, processing and
production operation.

The current shareholders of IPH are Polyprom Holdings B.V. (of which Alexander
Nesis is a principal), A&NN Properties Limited (of which Alexander Mamut is a
principal), Baran Group Ltd. (which is an Israeli public company), Ehud and
Shaul Rieger and Dina Rieger Weiss and Baran-Alrig Ltd. (of which Ehud Rieger
and other members of the Rieger family are principals).

This announcement does not constitute an offer or an invitation to purchase any
securities.

Canaccord Adams Limited, which is regulated and authorised in the United Kingdom
by the Financial Services Authority, is acting exclusively for Oriel Resources
plc and no one else in relation to the Acquisitions and will not be responsible
to anyone other than Oriel for providing the protections afforded to clients of
Canaccord Adams Limited nor for providing advice in relation to the Acquisitions
or any matter referred to in this announcement.

Morgan Stanley & Co. Limited, which is regulated and authorised in the United
Kingdom by the Financial Services Authority, is acting exclusively for IPH
Polychrom Holding BV and no one else in relation to the Acquisitions and will
not be responsible to anyone other than IPH for providing the protections
afforded to clients of Morgan Stanley & Co. Limited nor for providing advice in
relation to the Acquisitions or any matter referred to in this announcement.




This information is provided by RNS
The company news service from the London Stock Exchange

[kermit] 13/10/2006 11:39

Lead, nickel hit record highs in London on falling supplies, China demand

LONDON (AFX) - The prices of lead and nickel reached all-time peaks
in London trading today, owing to falling global stockpiles and fierce demand
from economic powerhouse China, analysts said.
On the London Metal Exchange (LME) the price per tonne for delivery of
lead in three months reached 1,510 usd, the highest reading since the metal
began trading in London in 1953.
The price of nickel for three-month delivery reached 30,700 usd per
tonne, the highest reading since nickel began trading on the exchange in
1979.
And three-month tin prices rose to 10,000 usd per tonne -- the highest
level since 1989 when the metal was re-introduced on the London market.

[unionhall] 12/10/2006 09:45

Different rules....

(but what they are I don't know)

ame happened with PWC - Petroworld - over the last couple of months.

[brad1] 12/10/2006 09:36

does anyone know why Oriel is suspended on aim but not on TSE?

[knackers] 09/10/2006 12:24

Frontier you (and indeed they) are bang on the money.

[frontiercapital] 09/10/2006 08:10

Goldman Sachs and other commodities analysts on Bloomberg are saying the secular bull market in commodities remains firmly intact despite the near 20% correction in Gold, Oil, Copper since May.

They say it is time for the next leg up.

Oct. 5 (Bloomberg) -- The commodities ``supercycle'' isn't over and prices may rise because of production shortages next year, said Morgan Stanley, the world's biggest securities firm by market value.

Global supplies, which are three to five years behind demand, may test record lows in 2007, the New York-based bank wrote in a report today. ``The next leg upward in the commodities cycle'' will happen in the next 12 months, it said.

``The best-ever fundamentals for the sector remain fully in place,'' analysts led by Wiktor Bielski said in the report. ``We believe that we may not yet have seen the highs for commodity prices and therefore the commodities supercycle is just pausing for breath.''

[vino] 07/10/2006 22:22

some movement please can anybody update on info

[dashwood2] 05/10/2006 19:09

Slow talkers. Still fighting it out. No deal would already have been announced.

[grgkecer] 05/10/2006 12:58

Three weeks since the suspension even though the talks were at "an advanced stage". No deal?