RE: RE: Citi Its about time you earned14 Sep 2020 11:39
zoros, you raise a concern of mine; if you were BHP would you go for a buyout immediately - when the SP may be into the 30s in October, or would you wait a few months for interest to wain, SP fall to maybe the teens, and then strike ? They've waited 2 years, so maybe a few more months won't hurt ?? Who knows.
But if BHP / NCM don't go for it, or any other major for that matter, then the SP could really be in the doldrums for a good while imho because even if future drilling results are good, the market will know that it's likely got until 2025 or longer before it needs to start investing for the production SP uplift.
But wdik .......