Agree: hard to see a Treasurer, or the Foreign Investment Review Board, approving a foreign takeover of GrainCorp.
Perhaps RIC or some other agricultural player might be interested, so my shredder is handy to avoid me having to eat my words
I've divested the remainder of my holding. While 'HC' contributor Portsmouth is correct to suggest GNC will be 'busy' for many months, once 'Mr Market' wakes up and realises that rain in (say) northwest NSW is not what growers would like at this time of year, the grumpy old sod will turn negative.
He may be irrational, but that's his perception. He's King of the market as he contains all accumulated wisdom, fallible as we all are individually.
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