Look at BIN: 'The Australian' via 'Data Room' in its business section has had at least three recent articles re a possible takeover, yet for weeks the company has not announced anything further (as it's nothing to report other than what it stated a few weeks ago). The market's timeframe expectation has not been met there, either.
QUB had a major monetisation of its Moorebank, Sydney logistics park. That was meant to be announced prior to Christmas if all the ducks fell into place. It ended up announcing the deal to the ASX several weeks after Christmas.
There are only two guarantees in life. Let's be reasonably confident Mr Weiss and Directors are doing their best to 'extract value' from proposal(s) as they also benefit, not just instos and retail shareholders.
It's extremely difficult to be patient sometimes but as my Parish Priest says, it's a virtue (albeit a hackneyed saying).
3PL Price at posting:
$1.23 Sentiment: Hold Disclosure: Held
