nickel off zinifex, page-3

seeker
zfx are happy with 30% as they have said.
those buying in at $1.05 ....what do you think they want?
do you think they are in love with AGM? have they bought in for the exploration potential? blue sky? divvies?
if your answer is yes then i disagree.
if you agree they have bought in for the purpose of obtaining a higher offer then you would be correct.
what will they do if the higher offer is not forthcoming?
become long term holders? i doubt it.
they will rush for the exit with ZFX over the top.
if they do that leaves zfx free to buy more on market if they choose (i believe).
If another bidder wants to come in and Jinchuan are not in the game of running nickel miners in Australia (where is a precedent?)they need to act next week or wait til it fails.
If it fails they may choose to scoop up shares at 50-60c on the market first.

cheers