xt, page-19

re: ml and tlw Hmmmm yes Pacey, that's another way of looking at it. All the fors and againsts!

I am hoping that we won't have to debate for much longer. Lets say we have another bidder in the next few weeks, that'll have to be at 2.30-2.40 to be realistic which means that for TLW to suceed they'll have to put another 0.20 on top for cash say; that 'll see me out, unless their share swap is made more attractive again. Actually I would have thought that it would be to their benefit to have more shares. It's not as if it's diluting their company share value like in the case of a placement.

Of course, we could have more news on Aigrette by then and perhaps Kingfisher.

Well today's 2.06 close is at least positive, considering that TLW actually fell towards late trading last night and the number of buyers compared to sellers today is also another positive.