Ann: WGO: Strike's First Supplementary Bidder's Statement, page-127

This is by no means a criticism but I have found it interesting that on this thread and also TPD's at times there is talk of no takeover offer being viable unless it was X.

X usually being more than double and closer to quadruple or triple the current share price.

I think most researched investors in each board would agree that type of price may be fair.

What is missed though is the magic words 'in the absence of a superior proposal', which creates the vulnerability towards a takeover.

There may come a point (hopefully not) where that becomes the reality and the promise of huge returns based on assets becomes a decent return based on market reality.

Time will tell.