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.
SXY Price at posting:
$4.56 Sentiment: Buy Disclosure: Held