Ive said several times now that im of the opinion that right now deals are being made with the Indians.You cant underestimate how valuable sandalwood is
to the Indians. There is huge evidence to suggest that is where Wilson and Gilchrist are now. I was expecting big deals to be announced. With this latest announcement I dont think its a takeover offer but I do think it will be an Indian company taking over the debt in return for a share of the company. I dont think it will be a major dilution and I think everyone will win from this. I bought plenty over $1 and more at 60c and 40c.
for all of you who were hoping for good news today and were dissapointed , I think June 7 will be a good announcement.
