I agree with @danis1977 These independent expert reports (IER) are not worth the paper they are written on. I think today's revised DFS all but assures the offer will be deemed fair and reasonable. That was quite a downward revision in the numbers.
I think the RW buying might be tied to the Pani situation. If I was a betting man I would say they are going to get paid out for their Pani interest and Lion will delist from the ASX like they did at the end of the last cycle. There will be a capital return that will presumably reflect close to the Net Asset Backing of $0.60 which makes the RW buying a no brainer. This will take time however as presumably there will be a lock out period where he can't buy any shares in the lead up to the news.
Indonesia has been a big disappointment. I think the onerous local ownership requirements complicate the financing process and makes doing business very tricky.
My 2 cents for what it is worth.
NUS Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
