From some people in the know I spoke with this evening, I got...

From some people in the know I spoke with this evening, I got the impressions that the Simonds and friends thought this would be an easy take over at 40c not expecting real market rise like we saw with shares now trading 10% above the current buy out price. I would suspect that the offer will have to be re-negotiated if we continue with this momentum.

The SP value is largely speculative and only worth what someone is willing to pay, however, a few red flags have come up already (no dividend, family is planning to privatize).

there would be some who could easily veiw the last months activities or lack of real push and highlighting negatives as an intentional attack on SP. look at the reports nothing was presented overly favorable as would be expected in a company report and they closed down an unprofitable sector highlighting the underperformance extensively. while not illegal it does raise the question "was the company intentionally reducing SP?" Because they have offered a buy back at a low ball value even they consider this a 'steal'