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Given the circumstances I believe the CER board and management got as good a deal out of all this as was possible.It appears on the surface that CER is still angling for a good deal for its holders out of any amalgamation. I think they are using the positive NTA of CER as an important part of our/their contribution towards the proposed amalgamation and other parties will have to prove the value of their contribution and earn their part.

I want to see management costs trimmed in proportion to the reduced business size from the board room down.

I'm happy with what I see so far. I doubt we will be given pineapple treatment. I'm now looking at 50c share in the near future with some confidence.