I'm having trouble understanding the drop to this range with a proposal on the table worth $4.65. I suppose Alamos could withdraw or modify the offer, but how likely is that given the interest purportedly shown by other potential suitors? The high drama from the Fed this week naturally spooked the PM markets, but Aurizon looks like a relatively safe bet at this level, and with the Philly Fed Business Outlook coming in at -12.5 vs +1 expected, there is now a gaping hole in that hawkish talk about reining in QE-forever. Someone please enlighten me on where I'm going wrong.
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