Post by
stocks123ST on Jul 27, 2021 8:08pm
That's it!!!
When Wyloo made the stinking bid, it was always my thinking that they wanted out and the only
way out, for a profit is to start a bidding war!
That is why the price has never traded below the 31.5 cents!
That is also why I did not sell: untill today...
If Wyloo really wants NOT, they will probably come back with a bid of .60: what can I say, they are cheap...
Then, if the big boys really want to take on the indigenous crowd, they will bid higher. This will also give the indigenous crowd the impression that they are in the driver seat.
While the ore body is not going anywhere, someone once said, and I paraphrase, that 100% of nothing is nothing.
Once a big boy takes hold of the ore body, they will play hardball and if the indigenous crowd foolishly thinks that they have the upper hand, they could be boiling drinking water for a long long time...
The 250 mil or so for the takeover is real money of course, but look at the size of the company.
And in the end VALE could end up with the area and they could take their own sweet time in doing so...
I made a few bucks, so GLTA...