The directors will have a value in mind and it will be sold at that price. It will come with their endorsement and there will be nothing you or I can do.
Everyone on this thread continues to entertain the idea a takeover is looming. However there is no evidence from what I can see on behalf of UMC or UBS of counter measures to a takeover.
IMO the deal has been done.
The writing on the wall points to a all in sale given BHP's plans for the future.
If this is the case we will see fair value of around $3-$5.
The only chance FMG has getting this ground is via a JV.
Cheers
UMC Price at posting:
$1.14 Sentiment: Buy Disclosure: Held
