They have addressed the costs but they've gone up for me in that at the meeting I think they said hold co costs were $6m. Now they say corporate costs, and I think they refer to holdco, are actually $9m. That really is crazy!
I see Turvey does say that the indicative offers suggest that the current market price is too low. That perhaps justifies the market move. I hope he made his calculations correctly.
On the negative side, there appears to be no BEE interest? Mention Indian companies, commodity traders and private equity.
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