GREY:PGDIF - Post by User
Comment by
Durkastanon Sep 09, 2010 8:35am
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RE: RE: ch6 value
RE: RE: ch6 valueBHP may not go to 58% this year with all the targets being generated they may choose to sit and wait buy Potash, and move only when they see critical mass here.
I don't buy this. The amount of money that it would take for BHP to increase their share from 51 to 58% is mere peanuts for a firm of their size. The Potash bid is an all-cash deal of about 40 billion.
Certainly BHP is going to wait for critical mass at Chidliak before paying for the feasibility study to earn their 7%. A feasibility study almost by definition requires critical mass - at the minimum, it requires a lot more info than what is available this year, or will be available next year. By then, the Potash deal is likely to be a distant memory.
- Waiting eagerly for news -