This release tanked the SP during trading hours.  Could it have gone the other way?

Could this be good news going forward?  Maybe they get together and come up with a bid that retail is happy enough to accept?  They still need our shares.

Credit to Marlborodog on CEO who I believe is the same who used to post here.... Neither Wyloo nor BHP can force retail shareholders to tender unless they have 90%. Even if they combine forces, as I've considered in the past, and even with BOD shares and perhaps Bao shares thrown in, they still need quite a bit to get to 90%. Their proxies may even scoop up a few tens of millions more with this little stunt, but they'll eventually have to raise their bid price to well over a dollar to rake in enough shares for a forced 100% tender.

Also if they seem to be ending the 'war' or in this case a 'minor slap fight' and come up with a price that is low enough the mysterious possible third bidder who did DD may appear?

Tomorrow will be an interesting day....might be a lot of dumping around .75???  But them maybe the speculation will bring a rising SP again in anticipation of a bid that might appease retail?

GLTA

Ringer