cannot see them getting to 3 bucks or even four bucks until may when the aust finance has been sorted. Remember that most property trusts are off 20-30% anyway so it wouldnt get to the pre december announcment price anyway.
Also i work in commercial property and yields have definelty softened this year with all the negative sentinment probably around 25-50 basis points, so it would be better if Rufano could refinance without selling as now is not the best time.
Although I did hear a wisper that there was a purchase at book value which would be an excellent result as well.
cheers
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