Re: next offer
in response to
by
posted on
May 29, 2010 07:52AM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
I think Cliffs will keep the offer at 13 cents until they run out shares to buy , then they will evaluate the situation and up the offer 5 cents , next offer will be 18 cents. They will probably go as high as around 40 cents , but not until they exhaust the lower bids , so those holding now until the end will make the most. In order to keep the share price down they load the board with shares at .135 for sale and buy what comes in at 13 cents. If too many buyers pick at their .135 shares they will pull the sell orders and we will have some price movement up to 18 cents. JMO but were pretty secure at 13 cents right now.