RE:Guessing the OutcomeThat's a next level of delusion if you think the remaining investors in this stock will pump several hundreds of millions to essentially fill Glencore coffers.
I'm no expert on corporate law, but it seems that taking a company private would require convincing 90% of the minority shareholders.
Take-over or issuer bid
188 (1) If within 120 days after the date of a take-over bid or an issuer bid, the bid is accepted by the holders of not less than 90 per cent of the securities of any class of securities to which the bid relates, other than securities held at the date of the bid by or on behalf of the offeror, or an affiliate or associate of the offeror, the offeror is entitled, upon complying with this section, to acquire the securities held by dissenting offerees. R.S.O. 1990, c. B.16, s. 188 (1).
If I were an evil genius, I would do a ridiculous RO in order to tank the share price with the implication of massive dilution, then ask a bank like CIBC to pick up shares below a certain level, then do a low-ball offer a bit above their cost basis, and make them keep the premium for playing along. This could be the buyout you all waited for. ;)