Ok so I retrack my last thoughts on the Mincor Wyloo take over. It now seems MCR has been supplying BHP with off specification of ore that BHP requires. BHP is working with MCR to help rectify this however this will impact the MCR targets until it is rectified.

Because of this, Wyloo (Twiggy"S company) has added that the Deal will be the best and final offer unless a competeling offer is submitted. This will still need board acceptance which will be unlikely as WYloo has a 20% stake in the company and seats on the board as a major share holder. Therefore it is unlikly to vote in favour of a better offer.

Twigy has this one sealed up tight. Oh well

Seems to me evryone feels that Twiggy is getting a bargin if the board accepts his offer. Royal Bank Canada (RBC) has Valued the company at $1.95.

Have a read of this Article by Small Caps on Wyloo (Twiggy Forest). There might be an opportunity here. If I bought shares Shares today @ 1.40 ish then there are only two outcomes, 50 50 odds. The board accepts the offer of $1.40 or they reject it.

Either way Twiggy's not stupid and the $1.40 offer has put a base line Valuation for the company. It may as the article states, bring out further offers from Competitors or as most investors will know, there is obviously plenty of opportunity in the company for the future and investors will buy in after the offer is rejected by the board.

I think it could be a good investment before the offer is accepted or rejected. If accepted then effectively you have a guarantee of getting your money back less some broker expenses or you could be in for a surprise with another offer submitted or as RBC has valued the company higher then then price may rise in coming months. The odds here are much better. Anyone else out there able to value the company or offer commentry / thoughts?