RE:RE:RE:RE:BPH looking for copper investment !!!I totally agree here with you on that --- my opinion is that if Rio were to offer a 40% premium to the current share price....WRN BoD woudl say that's not fair value. If Rio were to say "but that's what the market says Casino is worth"....then WRN BoD could very easily say "ok go ahead and start acquiring shares in the open market and we wish you luck on getting a dollar cost average of $3.30 usd/share for the 160M shares"!
My only point is ---- i think Pentwater /Turquiose Hill has similar comment on this as what we are saying ---- but Rio doesn't it see it that way. They are looking at market cap i believe. Now of course the key thing with that example is they already have 50% shares so probably a done deal in that situation.
In our situation, for Rio to get up to enough share count to control the WRN shareholder vote an a price tag.....what % would be needed? 40%...?? and for them to get up to 40% on open market that would be 1M shares everyday for about 3 months. I can only imagine what the share price would be by then.....