new major shareholder speculation, page-12

Well it’s a bit of a mystery why it dropped down from those levels in the first place Sears what has been the bad news?

Guess this bit of news makes the eventual sale of the Gip Stellar shares more certain but if they need another $110 million dollars they need a higher price for them or they are likely to wipe out most of the remaining Gip shareholders.

Stellar re rate, sale of strategic stake and then takeover battle for Stellar?

http://213.158.162.45/~progres/index.php?action=news&id=19360

Thanks to the Gip hotcopper board and aikoner

http://hotcopper.com.au/post_single.asp?fid=1&tid=1940346&msgid=11352683

Extract

Negotiations are under way with Egyptian banks for a loan amount of $ 110 million, which represents 50% of the value of new investments, while the company would continue the project through self-financing, he observed.