Hi Slura....... Reliable source says that the deal is done and dusted at 50c CASH ! Currently awaiting ASX notice that nkwe has taken up option to take over and probably a trading halt.I was happy to grab a few more this morning... even at 28-30c will give handsome profit.I'm sure that those in the know have been topping up over last week (see good turn over).Top 20 not selling,only buying.
Stated valuation was at 36-51c ,so dont know why s/h are selling short, maybe tired of waiting.
Would love to have trading halt before close today but they have to get the ASX ann. right.Believe notice was ready last week but ASX asked draft to be re-worded to note cash offer and option is being exercised.
If you were at AGM, Landau was telling anyone who would listen that 50c was the number and only awaiting funding.. which has been done by NY Mellon Bank and signed off.
Show me the money... best regards and wishes to all for 2009..... The MUFF
starting blocks, page-6
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