market thinks there will be a counter..., page-20

Hi El,

I was wondering this morining where you where but knowing that you have heaps of JBM knew that you would get a smile on your face. lol

Imho there is no way that BHP with there new CEO who likes to grow the company more rapidly will not take out Xstrata or at least give it a shot.

And there is no way that Xstrata would pay too much for a company and certainly not in the first bidding round as we all know.

So in my opinion there is heaps of value left and we can expect some real good upside in the shareprice from here.

JBM themselves stated in their announcement that they opened the books to more then one interested party.
This could mean that we can expect a counter offer rather sooner then later as those who like JBM will have done their home work already.

I hope that BHP will get JBM as some value will at least stay here in OZ and not all the profits flow oversees.

Too many mining companies find their way in foreign hands , something that Australia can ill afford at the end.

So my bet is on JBM but I would not rule the russians out or even the Brazilians.

Too much at stake at the moment and some real prime Nickel dirt up for the take and probably the last bit of that kind in OZ.

No, I will stick to my instinct and that tells me to sit back relax and let those majors fight over it.

Once the end is near I will make my move once again to reap the most out of this take over.

And you are right EL, a lot of JBM holders have suddenly jumped out of the dark and are now with us....lol

Good on them and great to hear some of the BIG profits they are making out of this.

It shows again those who are patient will be the winners.

good luck and enjoy the ride and as you can see once again JBM and the likes will easily outperfrom those giants like BHP.

jojo