It is a little annoying, for sure. Having now been a month, i feel as though management could at least lodge an update with the market to inform us exactly what is happening.
The continued appreciation of the Aussie Dollar as compared to the British Pound could be a significant hurdle. Since Cape first announced their intentions in February, the Aussie dollar has appreciated vis-a-vis the Pound by about 10% - given that any bid by Cape will have to be all cash, i reckon this factor alone means the chances of a bid from Cape that would be recommended by the PCG board are gradually decreasing. My opinion only of course, but that's my take on things.
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