direc say don't vote for mckerlie re-election, page-3

there is a really, really good article in today's The Australian, by Bryan Frith.

i am not allowed to post it here.

But it says Republic had to accept the original offer of DLS of 25.5c within 21 days unless a superior offer cam along. That 21 days expired Yesterday.

So to make sure Republic accepted to DLS, DLS raised its bid and secured the remaining stake.
It increased it bid to 28.5c subject to getting to 40% s.h, but with Wecker's acceptance, i think that put them over that 40% threshold.

So now it makes it difficult for Senex.
Senex obviously cannot get any more than 60% odd, and it will have to pay way more than 28.5c to get there.

Whilst it could go past 10%, I would have thought it will not want to sit there as a minority s/h, in a coy controlled by DLS.