Hobbit:
"It's unfortunate a more complete version of the report is not available, and until I see and can corroborate the full analysis, I will be skeptical of their calculations. In the meantime, the report appears to be a case of garbage in, garbage out, IMO.
All that said, it is certainly interesting that BHP has only just reached a value on the low end Stifel's values, yet the BOD has recommended we accept all 3 clearly sub-par offers.
I plan to have another crack at deciphering the report soon, as it appears Wyloo and BHP are in no rush to bring the bidding war to a conclusion. Hobbit
My Comments:
I am rapidly desciding which of the THREE winning NOT aquistion partners be hired as a Noront %control Share "partners" , "quidance" person.
"somebody" needs to remind "them" who has the legislative authorization, regulatory powers, ...AND,... $$$ investment capacities who are in charge of roads/rail, and health, in ONTARIO,
Pay attention BYP/Wyloo.
Dont piss-off Canadian/ NOT shareholders' only control chance for receiving the very best $$ NOTprice.
We now enter the "verifiable-in-advance stage" , ...next week.
Further delay will attract the wrong type of 4th legit bidder, which you dont want to happen.
Peter Marshall