Yeah, an $8 offer would be about right but how many Sino shareholders would knock back $6 if it occurred. It'll be interesting to hear any scuttlebutt from overseas about any international companies eyeing off our gold companies atm.
Given the reserves and prospects Sino is worth a hell of lot more than $8 per share. Just wish it'd bounce back up. I don't get how Lihir was up 3% today but Sino was down 6%. Usually Sino and Lihir track together and harder than Newcrest.
SGX Price at posting:
$3.25 Sentiment: Hold Disclosure: Held