Q: LIF has yet to send out a circular for shareholders to consider and vote on changing the Articles of Incorporation. Today in the Globe and Mail, David Taylor of Taylor Asset Mgmt has recommended LIF as a turnaround pick given the significant premium it receives for hits higher-grade ore favoured by China's steel mills. He also suggests Rio Tinto PLC may sell it's 59% stake in IOC or take it public which could be a possible catalyst for LIF and that LIF could be a takeover candidate by someone interested in IOC. Would purchasing the 59% stake in IOC if it became available be the transaction LIF board has been hinting at for the reason to change it's articles of incorp as it seems like more of the same income and do you think LIF could be a takeover candidate?
Thank you.
Thank you.