buddy said;
"Secondly contrary to what you wrote, I would like to see (although I wouldn't be happy if it happens because I want to go mining, unless WM will do something foolish before that), XStrata or someone else coming out from the woodwork, and make a T/O offer at say $7 to $8 dollars, and then see how many holders will immediately fold their cards."
Hello there, buddy! It wouldn't happen like that, though- currently, we'd be up for a T/O premium of $1.20, which is 30% premium over our current SP of $4. There's never really a premium of more than 30%, although some do a premium of 50% if it's a particularly distressed SP (say Alinta- I think that was a 50% premium). I wouldn't mind a takeover at $5.20. Getting my money back is fun. :)
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