This is the ripest, juiciest plum in the orchard just waiting for the Chinese to pick it.
Remember that any overseas acquisition doubles when it's repatriated to China – in other words there is 100% premium to the cost of the acquisition reflected in the share cap of the Chinese acquirer -is that an incentive or is that an incentive ?!
So, little men -you can stop bollocking on about whether the strip ratio should be this or the life of mine should be that – it's all irrelevant.
This is a fantastic company – period – end of story.
The only thing that matters is whether the Chinese can be prevented from stealing the company by making a lowball bid.
If they go over 51% it's all over red rover and you will be selling a $3 share for $.60 $.70 $.80.
Management think they've got 40% – let's see – money talks – bullshit walks!
I hope they are working night and day to get a friendly blocking stake.
You heard it here first and last.