Ann: Kidman agrees Scheme Implementation Deed with Wesfarmers, page-31

This morning I had to do some fast thinking and came to the same conclusion as Metalduster, and for much the same reasons. Consequently, I sold all of my shares at $1.90 this morning, which I purchased in December 2016 for 54c average. I was intending to hold right through to the refinery stage, but with Wesfarmers spoiling the party I am now out. In my opinion the risk-reward equation in terms of holding out for a better offer from another suitor vs the risk of the shareholder 'no' vote getting up, followed by WES withdrawing their offer and without another offer presenting, which would result in a substantial drop in the KDR sp, plus the risk of a global share market catastrophe between now and September (albeit a very small probability of a GFC2 imo), is tipped towards the safe option of selling today.

I hope that I have made the wrong call for the benefit of the remaining KDR holders, but in any case I am happy with my result and I will be taking the KDR cash out of the share market to place in my retirement fund. Good luck to everybody.