Prospekt, unless an offer was made very, very recently.....then no, probably not talking about us at all.

Given that they are currently in discussions/negotiations an offer could have been made recently. Isn't that what is actually going on, some sort of earn-back or buyout decision?

DL said he that the speculation over the iron ore purchase was overblown. What he then said was that they have "had discussions in the past but people's expectations were higher than we were prepared to commit to." (At least we know now the definition of discussions also includes buyout talk.) Teck didn't make an offer for the iron ore purchase, they said they were not interested. They made an offer for something, or talked about money for something and found the other party had too high expectations. Then he said they had "no reason to chase marginal assets."

He may well have been talking about our "opportunity" for Teck. This could be why it is taking longer than expected--because they do not agree on the value.