The bid for the outstanding 43.5% of Kangaroo Resources will...

The bid for the outstanding 43.5% of Kangaroo Resources will cost PT Bayan TBK A$224 million US$160 million. If Bayan become compelled to pay any award by the Singapore Court at Tranche 3 v White Energy WEC, they might consider reducing the present 15c bid for KRL. Every 1c reduction would save US$10.66 million. This could be another factor causing trading at a quite low 12c a share.