There will be a board spill for sure. But I think they have just dug in and are waiting for it to pass.
This all started on a shorter attack that was anchored on one fact (Chinese buyer) and lots of supposition, mostly without foundation. It was then backed up by the CEO leaving due to a T/O approaching him, followed by the stupid oversight and now ratings downgrade.
What has changed between the start and now........information, that is all. The sales haven't changed, the trees are still there and the coy still can mill and sell them.
But what has changed is the vulnerability of the coy, make no mistake about it, there is a bit of skulldugery going on here, but who from? The article in the paper about Santalis was given to them by someone specifically to create the movement it did.
The price of the company has now reduced by 60%, the assets haven't.....so the suitor could wait and push it to death then grab the assets in a firesale, or offer a 100% increase in SP offer and still get the coy at a 30% discount.
Oh well its been a sh*t week for QIN holders, time to go hom a have a few glasses of champers, wine, beer, water.......oh b*gger
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