bigger fish for bhp to fry, page-7

Hi cy7,

My understanding is that Xstrata can not buy on market and thats one of the reasons why they called you to get your shares.

All those shares that have been sold on market have been soaked up and it would be possible that someone is building a stake in JBM.

My experience is that it will always take a while before a counter bid emerges, lots of paper work to get it all underway.

With LIM it took about 4 weeks before a counter bid emerged and counting the weeks we could start looking out for one next week at the earliest.

If you have not sold at $24 then you have nothing to loose right now but plenty to gain if you hold on a bit longer.

Time will tell but in most cases the first bid is never the last.

Especially for a good company like JBM imho.

jojo