a new substantial shareholder has appeared on the PMM register buyngi 3m shares yesterday at $3.90.
CSFB continued to buy a heap above $3.90 and now have 11+% of the company too.
the new takeover bid price is $3.85
with 16% in the hands of investors wanting a higher bid, cleveland cliffs are going to have to life their offer price to get the deal done.
i reckon $4.20 would get them over the line.
the same trade was flagged here at $3.48 and now it's at $3.90. more room to grow me thinks.
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