it wouldn't surprise me if there are a couple of indian/chinese...

it wouldn't surprise me if there are a couple of indian/chinese steelmakers out there running the numbers on BWN right now, generating a game plan for implementation in the event that a favourable outcome is achieved from the next Experts report.

Potential outcomes are:
- another company stepping in now to take a strategic 10-15% stake. Some steelmakers are happy to hold small stakes just to secure future supply. A couple of $m may be a reasonable risk/reward punt. Risk being Bhushan take a long time to develop the assets, reward being a good position to negotiate offtake upon commissioning
- a potential suitor that values BWN at >$0.14 may commence taking a stake now in anticipation of a takeover reversal. It would be in their interest to buy the price up above $0.14 so that more shareholders take their shares back
- such a suitor, or a punting suitor, may start to hit up the options.
- I note that a couple of weeks ago there was an options buyer for 29 million options
- a strategic suitor would ramp the shares above $0.20 to get the options in the money so they get exercised - this would dilute Bhushan and increase the ease at which they can get a higher percentage stake

Beat the drum guys. Keep the share price up and the chances of another suitor emerging increases greatly.