Dribble. What are these dibs that cannot be ignored? In English please. If IGO buys cosmos they will decide where the concentrate goes, not BHP.
The stock price is above the offer on a pure corporate punt. A) someone else trumps IGOs bid or 2) IGO sweetens the bid, probably with a scrip alternative. You’ve got minimal downside so it’s worth that risk.
Stop talking yourself up, you’ve got this horribly wrong with the only scenario you didn’t predict coming thru. You don’t know, you’re just guessing.
WSA Price at posting:
$3.43 Sentiment: Hold Disclosure: Held