you would think right. However the 19th the day reported here and last available showed a 2 million share increase in the shorts from the day before. So who would know what information they are working off.
I think the rio deal belled the cat on what boardrooms are thinking about into the next 12-18 mths.
I feel there will be an offer in the first qtr next year but low around 70c all cash offer. That may be upped to a script and cash to value around $1.20 a share and I feel that may be accepted or recommended to be accepted by the board. A $1.5-1.6 Billion offer would be hard to pass up…I feel anyway.
script will either be from an offer from pls or min.
WC8 Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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