RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Iron Ore PricesMight take going from 8% to 12% to convince market they are serious ....and get more investors on board to drive market cap....get Newmont off the sidelines, etc.
As i've said time and time again....even if Rio and WRN agree $1B is the agreement price TODAY....there is absolutely no way Rio would make that offer until our market cap is +/- 40% of the $1B. Not gonna happen.....there will have to be some catalyst!
Someone can show me any example where an acquistion was more than 50% of prior market cap 30 day Moving Average....let alone 400% ....