macquarie and UBS are in for a reason ..as I see it......
someone may be buying for an interested party...
the UBS disclosure for lending...totally unnecessary...but ther must have a profitable reason for disclosing such information........
all roads lead back to who is in the data room..and cathay ending up being ..in all probability...the under bidder....
to me it looks orchestrated to mop up stock......
wouldnt want too high a share price if they were going to make a firm bid....
have to start low ball...and wait to see what others offer......
its on the auction block.....how much...no one knows...
but cathay must be most annoyed about disclosure of their indicative offer...and NOW...that DML has made some good cash from closing out some hedging....
that has to throw the cat amongst the pigeons......
bankers happy with some debt repaid......
not going as some may have hoped....
time is short on this one...2 wks tops as I see it before qwe see some offers........based on the cathay timeline for any Firb approval.......
another new substantial holder - ubs, page-9
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