true bidding war begin aft new okj established

I think Mits is simply setting the floor on the ultimate take over price.

Once the new Oakajee structure is finalized (especially once we see the role of SinoSteel), Greg will pick up the phone to the Chinese.

The Chinese have a dilemma. Countering Mits with a 80c bid for MMX will be a whole lot cheaper than buying 50% of JHEP from Mitsubishi once Oakajee is derisked.