Leimbach.Thanks for posting that. It does add strength to your...

Leimbach.
Thanks for posting that. It does add strength to your suggestion and I think it mirrors a few market place thoughts. The longer the process lasts, and the stronger SGB looks, the chance of an increased bid rises.

SGB thumbed their nose a little at WBC yesterday by announcing .3% off their rate. ( I know that was a bit of smoke and mirrors) but I believe that they were making a statement. Combined with securing funding for next year I think they were saying they are not as weak as many would presume.

Over recent trading SGB has been at a discount to WBC offer. But that gap may be closing.

Hope our thoughts are correct
Nicto