Ann: Becoming a substantial holder, page-10

If the statement above from fund managers are true that srx is worth around 48c to high of 64c

Then GREED should kick in and one of the parties will place a last minute bid for srx at a higher price


Why??

If Leonoil paid 18c but srx is worth 32c = Leonoil just profit $59m for buying
If Leonoil paid 18c but srx is worth 48c = Leonoil just profit $127m for buying
If Leonoil paid 18c but srx is worth 64c = Leonoil just profit $195m for buying
The act of buying srx for Leonoil is very large profit that can be used to update the mines.

If another party paid 32c for srx and the mine is really worth 48c = they still profit $67.9m

In true market compitition three competing parties - i dont think the competing parties will let its competitors gain such a large profit margin.
Just like at the house auction - someone will bid close to the true value.
The smallest margin is $59m - which in my eyes is still to big to let go