decision

sooo sucks to not know whats is coming lol...
Any one have any insight on how long before we can forget another bid.
Do they really have until the last day or do companies generally show their hand early in these cases?

Has anyone got any idea on what you are going to do?

The options as I see them are

Sell on market get 50c more now

Wait for the last minute and accept offer from RIO if no other forthcoming

Hold your shares in the event of no other offer

Even selling a portion of share seems not to be an option in the bidders statement, unless you have them in separate accounts.

Who is going to give RIO 50%?

Management 14.9%? (Yes)

Tata Steel Global Minerals Holdings 24.21% (Guessing no)
CSN Europe Limitada 16.29% (no idea)
Passport Capital 15.69% (media say only for $20 plus)

Any idea what happens to the Sp if RIO get control but not full TO?
I think thats what I want... that way I can retain a direct interest in the future prospects. No idea really if its good though...lol....