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05/10/08
17:33
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I've probably got that timing a bit wrong.
Would need to know VWAP for last three and six months first.
If I read things correctly, we may be looking at one hostile at least?
Initial bid could be expected to be a fair bit below $3 one would expect... though difficult without seeing the numbers first.
Doesn't leave a lot of time from now to get to $3 by year end.
Bid. Not enough acceptances. Raised bid. etc. etc.
Not sure that we will have to worry about a lack of news going forward...(assuming the mail some are giving us is accurate).
What we don't know is whether we are looking at ultimately friendly v hostile, or ultimately only hostile.
BUSH
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