Surely this would be worth a good punt at a closing price of...

Surely this would be worth a good punt at a closing price of $23.01. Worth buying 10,000 shares, might cost you $550 for the trade one way but what happens if a counter comes in at $25 to $30. You always have a fall back of $23 and lose $650 plus interest on $230k for 1-2 months.

Surely you would think that there would have to be a counter offer. This is the best producer story in the Aussie market over the last 10 years. BHP definately need the feed that is common knowledge amongst miners. Why would you let your opposition in on your door step?

Think of consolidated minerals this has been valued at $1B yet it only made a net profit last financial of $30M. Jubilee made a net of $176M and has world class assets that are high grade which cover numerous mistakes.