RE:RE:RE:I like what I seeHi Steven, interesting that you think RIO put forth an offer that will actually pass the BoD and become public for a vote.
I don't think the BoD will entertain any lowball offers and they will be immediately rejected out of hand. Now, we can debate whether or not $6 scratches just enough of the surface as to be taken seriously and even put to a vote, but I agree with your sentiments that many would vote no. But, if the mentatlity is to spark competing bids, it could be a calculated bet.
Also agreed that given the environment we are in, much, much better to wait until we have established much higher gold prices. Why would shareholders want a buyout in a temporary period of falling commodity prices?
What an interesting conflux of competing parties' goals we find ourselves in: Suitor vs. acquiree, flippers vs. investors, suitor vs. potential other suitors, market manipulation forcing metals prices down vs inflation which should be pushing them up.
In the meantime we wait, patience is a virtue, no?