Hi El,
Totally agree with you that under the A$30 this company is a steal.
All the work has been done to make this company grow and the predator has only to basically sit back and reap in the cash.
But to push this puppy that high we would need some counter bids , and I hope that BHP will still outbid Xstrata , as I have mentioned a while a go.
No love lost between myself and Xstrata so rather see LIM go to one of the other majors.
At A$30 I am happy to grap the cash, there are still other opportunities in the market to move into.
If we have some fat dividents from LIM I would look different but then again its not a MCR.
So we should see the first offer at close the 30% above closing shareprice.
I can see this being topped up another 10% but after that we really need another bidder to come around to fire it a bit more up.
Its going to be an interesting time.
jojo
LIM
lionore mining international limited.
