Hi Folks,
Going further backwards this morning!
Think I will watch proceedings very closely from here. I never wanted out, therefore would be happy to buy back in if the bid collapses! Without refreshing the numbers $20 would seem far too tempting to resist.
Of course if Xstrata settle for something like 40% the JBM price will be sicker longterm than if they walk, imo.
Can't see why Xstrata would up the bid much if they thought it would only add say another 20% (as I doubt they have a chance of 90% at any plausible bid price). Better, cheaper to bid again in six months.
EL
JBM
jubilee mines nl
