is 3 dollars the trigger point, page-6

It's all about votes, and whilst my "no vote" is for anything under $10, a $3 offer represents a 500% premium over the current price and for a lot of holders (like Tokyo!) an opportunity to make a quick buck. 500% in this market is not to be sneezed at.

30c/t for a 1B tonne deposit sitting next to your own railway line has to be tempting to BHP, with some nice value adds thrown in (eg Duck Creek). Even the cheaper juniors are trading at a higher EV/t premium.