Every few days, there was a new rumour about some potential TO etc etc etc.
The P & D players in this, have made a lot of money.
If you guys are waiting for a Chinese TO, you got a long wait.
The fact is, the Chinese business people are shrewd - they learnt a lot from the mistakes of the Japanese of the 80's when they overpaid for many assets.
We have an office in Shanghai and I can tell you, from first hand experience that negotiating with them in business is extremely tough - they want the "Lowest" price they can get.
AVZ Price at posting:
19.0¢ Sentiment: Sell Disclosure: Not Held