re: Ann: Independent Expert's Report on E... What I find...

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    re: Ann: Independent Expert's Report on E... What I find interesting is that the 'independent directors' felt the need to issue ahead of their own target statement what would have otherwise been an inclusion in their more fuller response. Why would you as a director do that prematurely?

    I think EPN may:

    1. Increase the offer;
    2. Withdraw the offer;
    3. Let it run as an exercise in market discovery.

    My view is EPN's form to date might not be described as equitable.They are very audacious ... happy to be and be seen as opportunistic.

    Current market volatility , ever escalating AUSUSD is playing into their hands ...

    I suspect what they do next will be of equal creed ... possibly some shock and awe maybe.

    Contra this though is that the instos signing the open letter are probably a little smarter than that

    EDT is certainly not for the faint hearted ...
 
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