how cheap is ord., page-8

Sskim, I think there's an allowance of a 10% risk premium allowance. That would then take the Caledon shareprice up to the bid price.

This is because, as we know, nothing is for certain.

If the bid is succesful investors will get another 10% on their money however if the bid for some reason should fail the SP could be expected to fall some 30%.

Here's one for the numerologists - It's Bob Hawke's birthday tomorrow - he'll be 81 and 8+1=9! tomorrow is also the 9th. Fingers crossed.