I did a bit of home work this morning with brokers in Sydney.
The advice I got is outlined previously re the HK hedge fund.
BTW, most of the brokers I know are absolutely floored with the promise of Mt Kare.
They all repeated the same sentiment. buy and hold.
What I find weird is the paranoid logic of a lot here.
But all that notwithstanding, when and if a company gets to a 10% holding they are bound to declare their intent.
Suggesting that some how Barrick is secretly acquiring IDC shares is utter nonsense.
Its impossible for any company to do this under Australian Company Law without a formal declaration to the market.
Think about it.
All those institutional holdings between 8-9%.
Barrick would be absolutely phuced.
The moment Barrick declared a significant holding to the public the insto's would milk Barrick like a Dutch Holstien Cow.
The sharte price would jump to 40-50 cents well before Barrick got its 10%
By the time Barrick might get to a point where it could effect a compulsory buy out the share price could be plus !$.........
That is, if any of what has been suggested has any truth to it, which is doubtful
The smarter way to go would be a JV, by mutual consent.
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