That BHP is mulling over a bid for the company, but it may be time to line up the ducks. IF, and I mean IF this rumor vas any validity, I would only guess that the share price offered by a suitor would have to be double its current price of $33.50/sh or better. JMO.
As I said on another thread. If they are serious this time it is because the board and other top Execs are looking to run before either 1) they are ousted at the next shareholder meeting or 2) someone show up with some handcuffs.
This is the worst run company in this sector because of a totally incompetent management team and Board.
For example: I took $100k from you and you told me to go buy a car with the money. I go out and I pay $90k for a $30k car and hand you the keys with a smile and tell you that you got a great deal because it has some 24" Daytons on it and velvet window curtains.
Are you going to fire me? Or at least start asking questions. I would hope so.
Same scenario with this Western Acquisition. It will be mean either the end of this Board's reign of terror over this company or with someone in jail when all is said and done.
I personally hope they just sell and this is legit this time. I'd like to get back towards even. I'd take $55 all day.