CDU 0.00% 23.5¢ cudeco limited

loved that curtain call and encore, page-26

  1. 24,386 Posts.
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    ikeymoses,

    Firstly, I do not believe that M & G is our great knight. Secondly contrary to what you wrote, I would like to see (although I wouldn't be happy if it happens because I want to go mining, unless WM will do something foolish before that), XStrata or someone else coming out from the woodwork, and make a T/O offer at say $7 to $8 dollars, and then see how many holders will immediately fold their cards.
    IMHO, that dreaded 50% plus one shares, will be soon filled up.
    To say that 80% of the Shareholders will stick to WM, after M & G sold their holdings, is a little too much. Had you said that 40% or 50% would most probably stick with WM's recommendations, I would have believed it. But 80%, NO.

    Buddy
 
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