Soon after i opened my PC this morning i learned about the failed bid of Noront and noticed on the FWR board about the underlying satisfaction of victory.
Apparently it looks good , but with a bidder out the way the retailers quest will be a steep up hill battle because the institutional shares are an unsurmountable barrier driven only by gains and not by passion.
They will tender to CLIFFS if only for few pennies gain ;
The alternative ,unless a new bidding entity will surface, is to side with the retailers with the SP taking a spiraling downward trend if CLIFFS offer is rejected.
Now I ask : who do you think they will go for .
My experience with Aurelian is the perfect answer.