Ann: Improved POSCO proposal and intention to recommend, page-80

If this was a tempting offer there would be a rush to the exit but yesterdays volume was lower than the initial spike to 4.40 and today it will be lucky to trade 2 million units.

If I had a 100 million spare how tempting it would be to snap up 10% of the company for under $5 and sit back with a guaranteed 2% dividend in the short term and long term capital appreciation.

Oh for the days of a good old on-market battle royale.

If POSCO say it is worth $1B, it is going to return two billion to them.



Changed my sentiment to buy.