significance of non-binding indicative offer, page-9

I have heard it is definitely a T/O but by whom i am not sure. the word on the street is they may not even indicate the details of the bid and the price that has been offered. this is all rumour and hearsay. as most of you have tried will know any contact with the company on the issue leads to very closed responses!!

I am of two minds on it really.

A. there will surely be some short term gain in the SP - always good.

but

B. I am really happy with thsi company and management and would hate them to sell the whole kit and kaboodle for todays price (with some future uplift in value factored) as there is a lot of talk these guys could be in the $4 range in 2 or so years

anyways that is my two cents