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13,187 Posts.
2687
01/12/07
16:17
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Hi sansiro,
I think it's safe to assume that SLV will endeavour to increase its holding to 20%.
Obviously they will want to accumulate on the lowest weighted average price, so it will be interesting to see which strategy they employ:
A) Aggressively buy like there's no tomorrow, or
B) Delay tactics in the hope that some will dump, or
C) Accumulate the maximum prior to Ni spin-off to ensure they collect the maximum in specie distribution.
Either way, as the saying goes:
Damned If You Do, Damned If You Don't!
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