positive write up in saturdays afr, page-30

Ill say it again, a takeover bid has to be related to the NPV regardless of sp. This accounts for undervalued companies being offered a premium.

GF has to spend 5mill in the first 12 months, so they really dont have to disclose anything until the one year mark. At the 12 month stage all results need to be disclosed to account for the 5mill. Lets just say that June-Dec will be a nice time to hold CQT. GF will surely need to act during this period if they dont want to miss out on CQT.