thoughts on gnm?, page-2

My thoughts are:

GNM is still hunting around REY and REY SP is around the 14c mark and GNM 65c. Soonish there will be another take over proposal and the this time around the shareholders of REY MIGHT agree to it as they know that REY management is doing nothing except sitting on big fat salaries. Prior to the GNM bid, REY shares were around the 9c mark and the shareholders in the right frame of mind will see a 55% premium to the previous offer of 4GNM for 1REY offer at 9c. On the contrary, if they reject the offer, slowly and gradually REY SP will drop back to 8-9c mark and investors wont make any money except the share holders.
Hope the REY share holders realise whats happening and accept the offer.

If that happens, I reckon we will see GNM SP to be around the $1+ mark and with the coking coal price going up and the demand from India and China, should see GNM SP closing to the $2-$2.5 mark soonish.

Personally I have interests in both GNM and REY.