Every Australian superfund is talking about it. GS is discussing it with every pension fund they have contacts with. Energy Australia definitely considering a tilt. It’s on everyone’s mind including shareholders. The best thing Skip could do is offer a fair price in the 30’s and take it off market and make a killing in 2-3 years otherwise they are going miss the opportunity.
Moreover those who think if the deal doesn’t happen this goes back to 15 cents or lower I say no chance. Every institution will be wanting to buy in now.
GNX Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held