Hi Prophet4me
I think the probabilty of them returning is in the range 0.3-0.4.
But the probability of a realistic offer might be a different matter as POSCO / Noble had a vastly differing view on future io prices last time around.
If they are offering below $1.70/ share, I would say they will get the same cold reaction from Chairman Smedley.
Got to be closer to $1.90-$2.00 to be realistic offer.
FT
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