RE:95% Premium Nice! By the way i never said a 100% premium acquistion price is not possible...I said it's highly unlikely. In general (i think), during negotiations market cap is a key input ---- and for Paul to be walking in with a market cap in November negotiating with RIo ....would be very difficult!!!!
So i guess we can consider the push out another 18 months ok ---- since there is NO WAY Rio would agree to $3 USD let alone $5 USD.
So was our current market cap the barrier to a deal...or was Rio still needing more answers /clarity the barrier to a deal...or both??? I'm going with both....