first bid is never the last

Hi guys,

My shares are not for sale in a fire sale.

And the directors have a lot to answer for by recommanding it.

But I always expected BHP to give us a lousy price, it comes to me as no suprise.

I also do not believe that this price will be the last and still hope that we get closer to the $2 mark.

CRM could still make a counter offer and we have FMG and RIO who certainly would be interested in this high grade iron ore with low impurities.

My next bet is that FMG will step in with a script offer around the $1.75 mark.

So stop getting too frustrated as BHP still has not got our UMC shares. lol

Look at the shareprice as an indication if others expect a higher bid.
In that case the share price should be higher during trading then the lousy BHP bid.

Good luck to all

jojo