I've got a funny feeling the next bid will be at around $8.30-$8.40! Dunno why, just a gut instinct.
Like I said, I'm betting on at least another 1 bid and possibly even 2. I dont think Xstrata (Glencore) has finished yet and I also dont be surprised to see Anglo American have a dip as I'm sure the yanks would LOVE to be in control of 40% of the worlds known Uranium reserves.
In summary, I'm tipping at least another 1 or possibly 2 bids with either Xstrata & Anglo American involved in at least 2 of them. I reckon RIO wants it to but are too scared to go it alone and are looking for a joint venture partner other than Anglo America.........just my thoughts!!!
