I think spot on Daisy A. Something else that has emerged for me, after the t/halt, is that should Gina have gone on to make a full offer, even with JV partner, the legal requirement states something like that offer has to be the same as the price she has paid, I.e. close to $3. This is crucial m/a play sheet stuff that was not as far as I know mentioned here or the media that I subscribe to. Financial reporting and analysis by the media, in my opinion was woeful. They kept on harping on about her doing a supposed deal with Alb, totally ignoring the no shop, no talk, the law as well as commonsense. Instead of analysing the play, factoring in her statements, her history of working with others, the number of shorters, the likelihood she would keep going to the limit, that Alb would be scared off, that the price would fall and that a cap raise would probably ensue, and the legal requirements as to the minimum she could offer if she went hostile. All of this paints a very clear picture. Oh for decent, clear headed analysis for a modest SMSF?
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