I don't believe the pull out trigger has commenced as explained earlier by other posters it is in $AUD prices not $US. My understanding would be that the success or otherwise of the takeover offer is in the hands of IOH shareholders at this point (of which I am one as well as being a BCI holder - gluten for punishment). Not sure how this 'crisis' of Fe pricing will end, but something has to give eventually. Obviously, the Big Boys are hoping it is the Chinese "high cost producers" & just maybe a few annoying local 2nd & 3rd tier producers will fold or cease production. A major game of Fe poker at the moment, a lot of bluffing & raising but eventually someone will fold.
Confidence Badly Shaken, page-17
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31.0¢ |
Change
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Mkt cap ! $894.2M | |||
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