My thinking is that Exarro ,when they made their bid, they would...

My thinking is that Exarro ,when they made their bid, they would have known that it is quite likely that Noble would counter-bid (given the historical involvement with the company and the recent proposed arrangement).

As such why would they submit the first bid if they are not willing to bid even higher ?

As such, I expect them to bid more.

I hope we can eventually finish above 60c. Even if proven wrong, the downside is only 2 cents.