Called Amadeus and apparently an announcement is expected to be issued today.
The tax issue is Eden's issue - however they might choose to use the exchange rate as an escape clause if the deal is no longer in their best interests.
I would note that oil prices have not really fallen in AUD terms so the intrinsic value of AMU would not appear to have significantly diminished. Additionally there is always the chance that the AUD will drop below USD1.05 in which case the original offer of 33c + 2c would proceed.
Bearing this in mind, it would seem a bit much for Eden to try and negotiate all the way down to 30c. Therefore I plan to retain my holding for the time being - the market price of 25.5c is not at all attractive, and I am surprised it has dipped this low.
AMU Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held
