ppp management should take the hint, page-10

35 max imho, perhaps a little higher a year or so later.

Not worth more compared to alternative investments atm imho, but in a year who knows.

We know Radford and co are reptilian in their moves, why not:
1) Mop up all you can around 30
2) Make an offer to get all the broke and/or impatient around 35. Also getting enough to avoid any future control premium in the price.
3) Finally getting Tomkinson etc out with a sweeter cash and/or script offer.

Not only does this get more of the shares cheaper, and removes the interest from other predators ASAP, but it enables NZO to preserve more cash now during the firesale period. The final offer can be paid for from Kupe cash.

EL