something in the wind?, page-23

I have just found that PRU which is BYR's biggest shareholder is also holding 34.8 million options exerciseable at 5c on or before June 2011. These options are in the money now by 33.5c. For a mere $1.9 million PRU can exercise 34.8 million options effectively doubling their holding in BYR to about 40% of BYR. If PRU should take up this option and exercise its right PRU will have no choice by law to make a full take over offer for BYR.

Option 2 for PRU is lose the options and let them expire, i cant see this happening inmy view leaving the first option that puts BYR in play for PRU to swallow us whole.

Im sure that PRU will be watching this first set of results that are due like a hawk, if the first result is even half decent im guessing that PRU could play its hand and make its move, if PRU sits back they risk further good results and a much higher BYR share price costing more to take BYR out.

Why else would PRU be sitting at 20%, why would they take up the last placement to stay at the top of the register and just under the 30% threshold of a mandatory take over??

My guess is that PRU is keen on BYR and is just waiting for the first set of results on Balatindi.

Interesting weeks ahead.

Cheers