Ann: Update on A$0.55 per share Cash Offer , page-6

i haven't looked at the sdl offer in detail but think the directors think it is underpriced, will reject it, and a higher offer will probably appear.

whereas, gdo directors are recommending gdo offer as they will be looked after nicely by the chinese + offer has been delayed.

imo, offer will go ahead, shareprice will move up to around 55 when the offer opens.

got to wonder if gdo directors have worked in the best interests of shareholder. could be another a reason for the shareprice lagging the offer price, annoyed shareholder bailing.