I agree with all the points made here this afternoon. CNP and GR...

I agree with all the points made here this afternoon. CNP and GR are sweeting the extension/announcement. I think Sept is in the bag and they are working on a year. Either with the Australian banks or the next logical step, bringing the US banks into line. I would also expect some update to asset sale plans and reference to previous/existing offers.

As for reaction, obviously the sweeter the deal the better. I think it will spike somewhat, maybe to $1.20 or 70c at a min (depending on how sweet announcement is). What it does after that spike, we will have to wait and see (see my "ipod" post).

Best wishes to all.