Agree, and I think it goes lower still. Largely driven...

Agree, and I think it goes lower still. Largely driven by fundamentals. They have an awful load of debt at 7.25x gross debt to EBITDA which for a property developer (which they really are) in the midst of an industry downturn is just plain ugly. I wouldn't be surprised if their bankers are not getting nervous and have actually pushed for the strategic review. Forget the discount to NTA, its only book value underpinned by dubious optimistic future scenarios. Seriously, if an M&A event was to occur at higher prices, would the price keep pushing south? very unlikely.  Those in the know are more likely getting out  Why would anyone want to buy AOG with the debt overhang, why not hang back and pick up the pieces at distress prices? Great assets, great future demand but over burdened with too much debt  My bet is come half year results briefing in Feb they will make warm and fuzzy statements but with no definitive statement.  With the share price heading towards $1...