I actually think David Robb is playing this very well.... Why does he have to rush the due dilligence...? He could have made an increased offer at any point since the last one but assuming the new offer were to be based on a share exchange then he would have had to give more iluka shares away in order to secure the higher price demanded by the KMR Board. With the Iluka share price approaching 8 Aussie Dollars again I can't help thinking the case for a second offer is becoming stronger.