For me the only real option is selling on market, rather than accepting the offer.
I could not afford to have the funds sit in limbo with Xstrata, with bargains galore likely. I also have too many too just sit with them frozen near $23 for much longer, with the real risk of a short term dip after the 17th. Would however be very happy to hold most for the longterm if Xstrata goes away (unlikely).
Very tempted to sell 20 to 25% into the market, but as it looks like even 2301 starting to look optimistic, and I"d likely now be feeding them to Xstrata which is something I definitely did not want to do.
I therefore think I will place a few in the market at 2301 and see what happens. Xstrata likely only to let others get a few below 2300 - just a dip to scare punters - but they are sure to grab most up to 2300 imo.
Wonder if Xstrata/Glencore are currently manipulating the nickel market?
EL
JBM
jubilee mines nl
