Ann: Update on Voluntary Suspension , page-144

Confusing and ambiguous updates both on Sedgman and suspension.

In reposnse to a past post, i agree the CF proposal at $1.70/sh was highly conditional, though they did by a significant amount at market around 1.65 which suggests a clear intention.

Problem now with Chinese proposal is that they lack credibility especially post Flinders, SDL and now a lttle one with TUC. Its no wonder investors are sceptical and rightfully so.

I believe if CF are genuine then they would know this is the best opportunity to take over teh company and will have to ensure any proposal is water tight. This would mean a binding cash offer, not subject to finance, not subject to Chinese government approval. If those preconditions were waived and it was binding, then a an offer above $0.75 would be appealing.

I know investors have different targets, exit strategies etc. Me personally any 'cash' binding bid above $0.75/sh i think woudl be a great deal.