HCF who are a large holder of this have now had 3 wins in the last year! They only listed less than a year ago and they have had PTG and ENA taken over and now this!. I am not a holder in CNW but also hope that they get a higher offer as I benefit slightly as well. Would not be surprised if that is HCF in the queue at 5.2c to make a quick buck when taken over at 5.3. They did similar with ENA
