Hi Pewal, I still think there is a chance of management pulling a rabbit out of the hat but the problem is that we are running out of time. The end of April is a drop dead date so management can only seem indifferent for a few more weeks. They will then have to pull out the rabbit or they will have to announce a proposal where the White Knight, Lodge, rides in and saves the day.
On a slightly different point, the announcement mentions the presentations that management has given to "investors". Over the years there have been lots of these but I am yet to see any movement in the sp as a result of a presentation. One therefore has to question what level of investor interest there really is and therefore what discount to the sp is likely to be on offer in order to attract a new saviour?
I wonder what Chris Bremner is thinking right now?
BLT Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held