shareholders held to ransom by toho, page-16

I also stronly agree with davidWA.

Toho won't give two hoots about the share price of CBH if they are successful with the partial takeover. If it happens then there is no future chance of any takeover at all and Toho will have locked in all the supply of zinc they will need for the future. If the takeover happens I reckon you would be better to sell out as much as you can, as close as you can to 25 cents and get your zinc exposure from buying another company like PEM (which I don't hold by the way). So I don't think the Toho deal is a good one at all for CBH holders unless Toho wants to man up and buy 100% at 25 cents. The Toho deal will however work in our favor if it encourages Nyrstar to front up with another offer that blows Toho out of the water, or if it encourages PEM to stop lurking in the shadows. I would be a little bit surprised if the Toho deal is the last act we see in this soap opera. So at this stage its worth the risk staying in.