bhp's 11th hour grab of wmc, their bid came at the end, when everybody thought the take over was a done deal, then with minutes left in came bhp with a knock out offer and took the biggest prize of all in mining, OD.
Think what mining company looks for projects to buy as they make too much money
Think what company only buys very large potential mines
Think what company would be hurt most if China too control of one of the largest U finds in present times, the size of which WOULD/COULD effect the daily and long term prices of U, which would effect the demand for OD product.
Think how could RIO escape not hurting their relationship with China
Think is it possible RIO and BHP could or may form a J/V and keep control on the value of a product they both mine.
Boys and girls just sit back and enjoy the ride, as always guessing is wrong, as the people who know the future are always locked away behind doors,(including my guessing)
BUT, I guess guessing if all a part of the fun that makes the market ride just that, fun.
EXT Price at posting:
$8.51 Sentiment: Buy Disclosure: Held
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