Dont you just love a stock that increases rather dramatically during trading, then consolidates at the end of the day at a higher price than the previous trading session. This trend seems to be happening every second day or so. Of course its going to be breaking the Bollinger bands. These are not 'normal' trading parameters.
This is a duck thats cooking and soon ready to be served. If you had a recipe for a takeover of high gold and copper prices and a resource containing these at a world recognised tier one levels at massively discounted prices, a flag thats being waved by the company saying take me over but bring your cheque book...highest offer wins.
Well it would be not only irresponsible of major players to not be involved but in total contrast for some of them regarding their planned growth through strategic aquistions.(eg BHP...we are interested in expanding through aquisition...but these aquisitions must be tier one assets...M.K.)
The problem that these companys now have is the share price is now being driven up by market conditions rather than broker manipulation. The consequence of this is that a company to make a bid/takeover must give a perception of a reasonable price premium. Hence this roasted duck must be eaten soon otherwise the percived premium to any offer will be eroded very quickly by the continual share price appreciation.
Which brings me to the thread title...If it was me I think the game playing is now over and that this or next week is time for the initial, I repeat intial offer, to bring other possible suitors out of the woodwork.
It's going to be an exciting time for holders watching the machinations of companys evolve as the try to best position themselves for a duck dinner where there is only going to be one successful dinner.
My bet is that Bhp may be trumped by the chinese. Only because I hear duck is best done Peking style.
Good luck all..enjoy the ride.
Cheers
P.
Dont you just love a stock that increases rather dramatically...
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