ducksoup1; I agree with a lot of what you're saying, and I have...

ducksoup1; I agree with a lot of what you're saying, and I have been holding Lihir for around 1 1/2 years before I sold most of it on Friday, and to be honest I have held for a while in the hope of a takeover, and well, it's arrived. I figured what's the benefit for me holdings now? For the chance of another offer that may, or may not come? I already have been holding for so long and figure there's little benefit FOR ME to hold. Personally I think the risk to reward isn't worth holding, but that's my opinion and the market will decide if I'm right or wrong. Either way, I took out an average of 55% profit on my Lihir shares, I personally wanted to free up some money because I felt I had too much on the table right now.

I guess the question that needs to be asked is, does everyone think another offer will come in higher than this one? And how much higher? Could you do better with that money elsewhere?

Good luck to all the holders, I have been there and I personally hope they do increase the takeover offer - I am still holding a small parcel so it only benefits me, albeit not much.