that depends on whether you have a short or long term investment...

that depends on whether you have a short or long term investment horizon. Short term if the bid is knocked back it will probably head toward 40 cents. Long term it will go substantially above 55 cents - there aren't many examples of Kerry Packer paying too much for a business.

I am having a bob each way, sold half my holding on Friday for 54 cents and will let the other half ride.