if there was any doubt before --that LUN were morons I think its gone now.- LUN already established a price of $5/s - which was out right rejected by NSU as being to low -- Now these goofy mothers say they will make a formal offer of $4.75/s -In addition, RIO has already said it will pay a 30-49% premium on market for the right property -
So what on earth do the LUN(atic) management and LUN BofD think they are accomplishing -- do they honestly believe NSU or S/H (baring the goofy NSU types who are clueless about this procrss) woulds accept $4.75 - how stoooopid can you be -- they are embarassing LUN and themselves worse than Spanky just did with the US.
LUN has demonstrated on a number of occassions now that its mangement and BofD are both clueless and terrible. I almopst bougth some LUN shares a year ago -- thankfully I didn't.
The way I see it a RIO NSU bid is a done deal - the only hold up are discussions between RIO and FP on acquiring FP's interest in the LZ . We will soon find out - and - the price will be at more than $6/s fpor NSU