Mitsui doesn't seem to have many acceptances so far - only 3.65% as of 9/3/18
Unlikely to exceed 50.1% by 14/3/18 to make it unconditional
Other players becoming substantial holders
Still a way to go to 23/3/18 but if only 3.65% now and with 2 weeks to go you have to wonder
if the bid will succeed. Cant even get to 50.1% let alone 90%.
What way will Mitsui go?
- up the offer - $1 would be good
- walk away
If they walk away we will be left with Mr Biggs
AWE Price at posting:
94.8¢ Sentiment: None Disclosure: Held
