Q: Rio Tinto has offered $40 to buy the remainder of the company that they don't already hold, while the market price seems to be holding just above $37 (as I write this), almost a 10% difference. If TRQ rejects this offer, do you think Rio will up their offer for a second time, make a hostile bid, or just walk away? I know very little about the mining industry, and am mainly looking at the numbers - would you buy some TRQ hoping for a capital gain, or just stay away?
Thank-you
Thank-you