They have done everything possible to placate regulators concerns re St Andrews & now I think the deal will proceed. Once FIG have a viable business model their assets value is no longer shadowed in doubt, so not only are they getting a seemingly decent business at a good price but the fear of not realising the value of existing assets is gone, that being the case you can buy a dollar for somewhere around 30 cents with a cheap business thrown in for nothing. I’ve just bought back in & will load up if/when deal is confirmed.
FIG Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
