Ann: Indicative proposal - due diligence update , page-38

re: Ann: Indicative proposal - due diligence ... LNG offer is at 53, however I "suspect" they have one or two more other parties interested now which will lead to a bidding war (might already be going on behind the scenes, hence the lengthy delays in getting a deal to market). We should get a bid at a bare minimum of 53. On 30 cents per share, 53 is a FAT return in a cr@ppy market!

I am pretty certain recent selling is someone taking their losses before end of Fin Year or someone has simply grown tired of waiting for a bid.