Market is waiting...?21 Nov 2022 09:35
This market isw just...waiting...
Nobody's selling...most are fully invested...nobody's buying (until the price spikes)...
A longggg....pregnant pause...no mention of the merger vote on CGP...surely the merger should be through soon...?
Will we get a stake sale first? Or will the shares be held in Treasury to roll out at a higher orice...
Who will bid first...will there be an immediate counter...?
Will it be BHP...emboldened by their cheap takeaway of OZ?
Will they do it pre merger, to avoid dilution...or after so they have 100% of Cascabel (though I think if they bought pre merger, CGP would roll over for a decent price for their stake...
Or will it be someone else who jump first...Mitsui (Sumitomo), Barrick, Fortescue, Lundin, Glencore, Elon Musk...?
More questions than answers...
Can't be long now...can it...?