They have already secured significant funding and have cash of their own as a buffer to increase a bid.
They are not soley reliant on the goodwill of Australian Super and RCF.
Also keep in mind that the decision will likely come down to a vote by creditors, and PLS has secured the noteholder vote. They are getting a full return, so they have a multimillion dollar disincentive to vote for a competing offer that is even double the PLS final bid.
I'm actually a little surprised that they managed to lock in such a large equity commitment at 36cps. That demonstrates there is eager support.
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