asciano says four parties eyeing full takeover, page-11

Hi Landrat,

My name is Selmax, not Selmak.
I punt on some shares, but I like to see the odds first before I punt.

From a punter's point of view, you need to plan the worst case first and then the best case second.

Worst case she gets to $1.80(because the Company, said it may not be over the current price, and the current price was $1.81) So that is worst case, best case maybe $4.50, coz they rejected the $4.40 T/O last year in Augest. If you still believe in Santa, then the target would be $4.50.

So from here, $1.59, we work on the worst case that is $1.80, which is very limited gain.

I am not here to down ramp, because I know as a FACT from the past, no one will talk to me anymore as soon as I put in the neg. view :)
Before 9:30am this morning, I was very possitive about AIO, but I trade the market I see, not the one that I want to see.

I hope we don't see $1.30 for holder's sake, but after the news this morning. I have to agree as a punt $1.30 would be a much better bet than $1.59. No, I don't need to wait for her to drop to $1.30, as I have said before Entry price doesn't mean anything, it is the Exit price that matters. So, I hope again for holder's sake, she can find support at $1.60, and AIO can have some more positive news to come. When she was trading at the $.80cents mark, yes I wanted the T/O to happen, and back then I remember even at $1.50, I was happy to accept this T/O. I have come this far, I don't need to be greedy and try and milk a few more. Be honest, I actually hope AIO does a cap raise, and not a T/O. I think that is the best for holders...as some may have bought in the $5.00 or more. I If they sell some assets and reduce the debt level, do a cap raise. I think I would be happier to buy AIO then and hold a longer term.


I don't need just AIO to make money, there are over 4000 company to choose from on the ASX.

As a punt, at these level, I think it is a bad bet, it is because of the annoucment this morning. May not be over the $1.81 price. I don't like it.

That is just my humble 2c worth.