If that is the petty reason BHP would give up the potential to buy a rare Tier 1 asset - then if I was a BHP shareholder I would ask the BHP to immediately resign as not fit to perform their duties.
RodneyT - count me in and not selling at these derisory prices with the games being played - I have quite a few shares - will not sell unless required to by a successful bid.
Everyone has a price to sell but mine is set probably unrealistically too high - i would have prefer a bid when Solg was de-risked as much as possible to get closer to what i will settle for
As I said everyone has a price depending on their circumstances - I'm in no rush
Any bidder knows it is worth much more than they bid otherwise why would they bid - would prefer to eat into their future profits before I sell up
BHP and Newmont will not publicly respond until an offer is acceptable to the Board and forwarded to the rest of the shareholders.
Until then they can have an action plan in place but just wait until the above is agreed by the Board and then go public - currently a waste of their time to respond publicly to any offer not found acceptable to the Board
Did you notice the Tandy- America RNS (26 Nov) was issued after the 1st offer (23 Nov) as a way of saying - you offer only a pathetic derisory amount but we can go it alone with the middle finger up and the 2nd finger up after today's offer