From my experiences of this sort of takeover - if the common...

From my experiences of this sort of takeover - if the common person thinks its too low, it wont get thru - ie. Campbell Bros (CPB) v Ammtec (AEC) - 3 months ago. The offer was extended 3 times, even after the directors had approved it.

Also, the Ammtec shareholder base was heavily weighted to W.A. retailers, so is Essa (ESS). I've noticed a couple of other posters on here that were also on AEC, so they know how this works.

I actually think its great they are up to 24%, it starts to build pressure that the bid is not enough and it will probably only take FLSmidth one knock out punch. If I remember correctly, they have to inform the market 14 days to close of offer, whether to extend the offer or close it. So we will know more in the next week or so. Perpetual who is the biggest holder hasnt folded, so that tells me that they are not keen.

I havent received a phone call about my intentions, but its not hard to work out what I think.

Pep