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29/10/08
16:02
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Perhaps. I'm a bit disappointed that it hasn't made more headway on such a strong day.
I also think the sp is a warning that the likelihood of any offer or reconstruction going off anywhere near NAV is problematic.
Talking to another shareholder today who thought a take out price in relation to stated NAV should be in the range of 80-90c.
The fact that we're at such a big discount speaks for itself.
'Up 66%' looks impressive but 'down 87% on NAV' is a bit more sobering.
I hope I'm wrong.
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