the sell down this afternoon was indicative of accumulation. There were huge parcels being traded throughout the day.
One more day pple, Xstrata to come i'm sure!
Management should not defer the vote on Monday, as this is giving potential suitors a deadline, you want management to keep the ball rolling, keep momentum, the longer you delay, the less interest you attract and the more slack the bids become. '
Personally, i think New Hope have one more bid in them, this time, with a $2 cash incentive and a bid at $15, total consideration = $17.
MCC Price at posting:
$15.28 Sentiment: ST Buy Disclosure: Held