Septagood move had a quick read of the first part of the TIA...

Septa
good move

had a quick read of the first part of the TIA this morning.

What is clear is the likelyhood of an another bid is very much there. If you read the number of clauses around the Chinese being given the right to match any higher bid, it becomes plainly obvious they are wanting the compnay and paying those that want to exit at 55 will happen.

In addition on the one hand the claim they want only 60-75% yet a clause says if another company acquires more than 20% then they have the right to not proceed with the TO.

I do think GDO is in play and if a bid does arrive from anywhere else I am sure it will be an on market bid, cash or cash plus script.

If the chinese have got a bargain, then an alternative bid should e launched, if they have paid a fair price for the inv and expertise they will provide, then thats good also.

I will look to pick up a few more, have a couple of sell orders in the market for other stocks now