5 good reasons to buy cqt, page-29

ex-Yank, the options raid in 2006 allowed them to get under the radar, and of course their timing was perfect. Indeed it took all of January 2007 for the implications to sink in, as the price chart clearly shows.

Just as with the 2006 raid, in truth, we colonials are a pretty backward lot in failing to see what the current ploy is. ie; Given that GF did not snap up John Turpu's holdings by accident, we should now be looking to a three month average in the share price, which as we all know is a typical basis for TA valuations.

Right now the three month average is around 54c, and the lower it goes in time, the better for GF, until one day they declare a Take Over.

Pitched as follows: Given that a three month weighted average in the share price is "X" - then we offer "Y" to shareholders, which is an excellent 70% premium to the weighted average, and represents a 90% premium to yesterdays closing price.

In light of this why would GF want a high price, indeed, it is their remit to do what must be done to ensure a TA goes smoothly, yet has visible signs of fair value.

From then on its in Conquest's management corner