So BHP feels confident in their current offer.
NOT board feels BHP is best for shareholders.
What is happening here? I realize that Wyloo's offer is not official but come on.
No one is tendering shares at .55 when the current market will give you.75. So BHP is not getting a single share unless they are buying them on the open market.
I love Forrest's idea of participating in a new Noront and cash as two options. I think for a man who has 3 Billion in his pocket due to the last dividend he can come up with a better offer than .70.
SP of 3.50 would give us a 2 billion value. That would be a legitimate offer throw in a chance to participate again and I'm taking a long hard look at things. ... and Forest would still have a billion in his pocket and a whole new addition to his portfolio likely.
Strange times. Exciting times. But my biggest question is still why our BOD is giving such poor advice.
A