The current sp has 2 things factored in it.
1) Global recession + Eurozone debt crisis
2) No bid. After the Indians walked away the market is still in a state of shock and dumbfoundedness. Any speculation of takeover is viewed as pure speculation now taken with a gigantic grain of salt.
Conclusion - when a real bid does arrive, the share price will spike MORE THAN a BOOSTER rocket. The market is once bitten twice shy as far as BND is concerned.
