RE: Who is buying ?hedge funds picking up the 8% absolute return -- low risk because 1) government backed company 2) all cash. Annualised, that 8% could be 25%+, and that before considering possibility of a higher bid. I'd buy more if I didn't own too much already. Too lazy to check
www.sedi.com but i think Laramide (LAM) owns about 10% -- that's enough to block the current offer and force a higher price out the Russians.