crashing, page-6

if Santos really thought that the new QGC was worth 50 cents, then they would pay 50 cents - especially for such a large holding that would block others from taking over the company sometime down the track.

This stake would be very strategic and should attract a premium and not a large discount. Posters keep saying that STO are offering a lot for this discount - this is rubbish imo. Thirty percent of the new QGC would cost 100million @ 50 cents - 60 million less than STO are proposing. Are what STO offering really worth the 60 million difference? - I think not.

I think that the market is saying that this deal will not get up in its current form. But don't dispair - these things are all about argy-bargy type tactics - we'll get a very good price yet imho. It's down to who will blink first ...