Just posted this on NSU board...."I do not think FCX can do anything at this point. For NSU, I would be concerned about another party, like RIO or even Lundin, coming over the top. Someone posted the other day that they had heard from an NSU board member that this was not possible, but I don't believe that is accurate, as there was a $20M break fee clearly stated in the joint conference call last week. In the event someone came with a $11 offer, for instance, NSU would get $20M + a gain of $19.2M from the 12M shares they purchased + repayment of the loan portion as agreed. Lundin stated on their earnings casll last week that they were "trumped" by NSU on this one, and that they were not looking at any other acquisitions because there is nothing comparable to the quality of this asset, so that was pretty telling that about how good Timok is."
Anyone see any flaws in my thinking for another offer? Interesting trading. Right now we are moving in lock step with NSU, they drop a dime we drop $0.20......so if there are doubts that they will get the property, they will drop and we will move right down with them, even though another offer should ove us higher. I wonder if the Bay Street rumour mill is churning?