Ann: Strategic Initiative Update , page-5

I'd disagree - "revised bid" (read "lower") and putting things off until September means they are desperate to sell that equity in LH, and that they are seriously considering the "revised bid" as they say in the announcement.

This would seem to be another Newcrest-style occurrence, with serious volume sell-down over the last 4 days, and now this announcement to the market. I'd defy anyone to claim that there was no prior knowledge of this at the top end of town over the last 4 days...!

This is disgraceful behaviour from Paladin, and should be reported to both the ASX and ASIC, in light of the investigation into the exact same sort of thing happening with Newcrest. Not that reporting to the ASX or ASIC ever achieves anything at all, especially if it comes from "only" retail investors!