Ann: Appendix 4D Half Yearly Report and Accounts , page-6

re: Ann: Appendix 4D Half Yearly Report and A... Liq I agree with a marke cap of $12m its unreailistic for someone to pay $50-$75m.

That's not to say GBI's market cap is going to be where it is now before a bid comes on a firm basis.

Data next month (if it is the same as last October's will help spike it up) also a succesful TGA audit also next month shoudl mean manufacturing is ready to go. These 2 factors then bode well for CE Mark in June.

Looking for a partnering deal to be announced with 4-6 weeks after the April data is released as well.

These all hopefully should push the market cap up nicely so that a $50 to $75m offer isn't away with the fairies.

Yes Thirdwave got sold before the recent turmoil market capitulation but the offer of US$345m in August 2008 was well after the market started to turn in late 2007/early 2008.

Let's hope the planets align here

cheers

PS...SRX was a great example of a market cap 6-9 months prior to a sale bearing little relevance to an offer price.

Check out the SRX chart back in 2002/03. Nice move up between June 2002 and January 2003 when Cephalon announced its bid at $4.85 cash