Ann: Minor Offer FIRB and Equal Access Conditions, page-15

re: Ann: Minor Offer FIRB and Equal Access Co... AKA,

To assume that the receivers will sell to Minor is to assume that there are no other bidders in the wings. The receivers will sell to the highest bidder and they have asked for expressions of interest. No stopping that process now.

That said you could be right. It might turn out that nobody else steps up to the plate but the signs that
I see appear to indicate that other potential bidders may be interested. I reckon its a 50/50. If they don't make the highest bid for the receivers stock then they won't get their 50% because no chance the rest of us are going to accept 35c when somebody is buying in with 30%+ at a higher price.

40c is still a low ball offer but a bit better than 35c. I still wouldn't accept it by choice.

I'd happily accept your wager except it would appear to be a lose / lose for me. Quite simply I hate rum ! Make it JD !