Iron ore prices didn't get down to anywhere near $68/t Westcott - you muddled the numbers again. It bottomed out at $86/t. Suprising that no-one else called out the clearly whacky 133% price increase inferred when the media have been talking in the 80% range ... Your post still got a lot of love though
As cooler heads have said a number times, for non producers it's all about long term prices.
Your biggest enemy isn't other posters or the SDL Board, it is the market that still trades more than 20% below a takeover you think is disgustingly cheap. If the iron ore spot price is all that matters, and with the important signatures are now in place, tell me why are't SDl trading way over 45c?
And spare me the manipulation rot, that well informed deeply traded markets can somehow be completely spooked on a 1B stock by a tricky predator somehow pulling strings to cap prices. It hardly looks good for Hanlong that the market doesn't take it's offer seriously
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- they said iron ore price counts for nothing
Iron ore prices didn't get down to anywhere near $68/t Westcott...
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