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Ann: Intention to Make Takeover Bid, page-128

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Teddybear123

3,130 Posts.

361

23/03/23

13:17

Post #: 66921733
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Originally posted by entropylord: ↑

BHP really need to make an effort quickly to get a 10% stake, such that they can at least make it more difficult for AF, and more likely they can retain supply beyond 2027, even if they have to risk overpaying for that stake.

BHP would want MCR to stay operationally independent, so imo a good outcome for them from making a takeover offer might just be getting a bigger stake than what AF gets.

I can’t understand todays excessive exuberance overflow to PAN. It simply doesn’t have to quality or the strategic importance that MCR does. It ships a mixed metal concentrate with only 7% Ni and logistically is closer to Asia than to Kalgoorlie or even Kwinana.

EL

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To purchase 48million shares or 10 %on Market would push the price way way to high yes ?

MCR Price at posting: $1.54 Sentiment: Buy Disclosure: Held
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