3.88 USD = $5 CAD A higher offer might develope? Freeport McMoran might counter this offer and sweeten the pot for NSU shareholders up to $6 CAD or $6.50 CAD They would be the White Knight then. Going to be a interesting day today as the spread on the AMEX for NSU is at 26.5% which is a premium of .79 cents usd added to the close price 2.97 usd = $3.75 USD
Let the trading games begin. USD Pre Market is all over the place ranging 3.35 USD to 3.75 USD
Will we see FCX Freeport McMoran (white knight) come riding in with a offer?
Anything can happen.
What will the NSU vote be? accept or reject?