bidders statement - counter view, page-7

Where's the fun in all that ???

The 83Mil shares crossed today is interesting ... curious as to why one might endure brokerage and fees for crossing when there is a willing buyer with an offer on the table.

The septics I think have a challenge as there is a handfull of major instos with sizeable parcels. If 2 were to dig in...maintain collectively nigh 10%...the balance of holders may get to enjoy some reasonable dividends in due course...after all, the only means of receiving income from say an 89% stake in a trust is in the form of distributions ... and I doubt the septics will be over the moon about carrying the investment without some cash inflows ...

My sense is they know that they will not attain 90% and will probably be content with 51% + ... fewer available for sale in a high return stock could make stock price interesting....but of course stranger things have happened in the ASX ...