first one has to believe the rumor, which I and the market according to the stock price do not, this is not the first time since last month this has come about, you can call GS a manipulator but those that pass this rumor around are not any better nor those that are dumb enough to believe it. If it was going on don't you think the executives would have a blackout period from buying and they have been buying? Use your brain this is BS
Until there is substantiation of the rumor, I certainly would not get the cart before the horse. We could trade here at this level, plus or minus a couple dollars for a very long time, albeit crazy low levels.
Positive note, if there is any truth to the rumor, SP at these low levels is much easier for a takeover, less resistance for a deal. Sure would not complain but I am not putting validity to that rumor until it is acknowledged from management. or credible sources.
I would be at a prem. to book value, nav, proved reserves etc which has been pegged around $40, so I would gues 45-55 a share min to avoid shareholder revolt and lawsuits. Plus management needs to take care of themselves too. The great thing is CLF is uniquely dominant in North America, VALE, BHP, ROI, FCX could all start a bidding war. so a60-70 takeout isnt not impossible, in 2011 bhp offered 90 but was refused