TTY territory resources limited

46c takeover offer. there is the free lunch., page-7

  1. 13,064 Posts.
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    The next free lunch will be when the Noble Group offers 60 cents/share for a full takeover.
    TTY is in play, it might only have 6 or 7 years of IO in the ground at 2 million tonne pa. But it's a producer with infrastructure and now the weather is dry and there'll be 6 or 7 ships loaded this quarter or 420,000 ++ tonnes.
    Noble aren't stupid. They'll pay 60 cents ++ to keep this asset that's shipping ore everyday.
    Whether EXXARO are prepared to offer more is the question.

    I won't sell a single share until I see the next offer on the table. The people buying now at 45 cents think the same.
 
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