re: Ann: Quarterly Activities and Cashflow Re... i love their justification around the premium offered and how cap raising was undertaken at $1.20 and rumours surrounding the uncertainty of the project costs...Now i am no genius, but if i believed project costs would blow out and make the project only marginally profitable, then i would not be making an aggressive offer to take over the company...i also didnt see any mention of the constant short selling and involvement of Citi in the statement...$1.70, got to be joking.
52 week high was even higher than the offer price..they will definitely not be getting any of my shares at $1.70, i would like to see $2.30 and above..
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Ann: Quarterly Activities and Cashflow Reports , page-6
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