As we know, the mining courts were set to finalise the Posco deal about now. (Obvious).
But as we also know, IF we are to receive a takeover offer, it will be soon after the Posco cash is in the bank. (Logical)
Likely too many games being played around this by both management and others to list all the possibilities here. (We hired staff for this EXACT purpose)
But nothing wrong with a bit of speculation. (Welcome to HC)
I mean if you think about it, any potential buyer would be able to spend $280 million USD shorting the sheet out of the company to get the price down as low as possible before making an offer (that pays for itself) and receiving the money spent shorting back again when they are done. (Corporate Greed)
And that wouldn't surprise me in the slightest. (Pricks)
Oh and FYI, I could easily extend the line in the trading halt to include "more" of a deal with Posco… or any other number of other things, without it being seen as misleading. (So why couldn't it be?)
Now, where did the GXY forum shorter's go? You know the ones that likely all work as plebs for the same boss...? Emergency afternoon meeting anyone?