not many have bought at 30c. In any case it is a ticket to see...

not many have bought at 30c. In any case it is a ticket to see if there is a counter offer. Price is brokerage and a small risk, which is cheap.

Plenty of takeover offers happen where the sharetrades above bid price.

The buyer is like us, hoping for a better offer, no different. Very small chance they know of another offer. If it ran to 31 to 32 I might have a different view.

Have been through several since the 90's when I experienced my first one BRL Hardy wines.

I would like to read something into this too, but unfortunately we are probably stuck with 30c at this stage.

in reality all you can get due to the spread is 29.5c. The extra .5 between now and payday is about 15% annualised now, so better than in the bank for return, so I'm going to sit back and wait. Like land based game fishing, you have to set the bait and be patient. Most times you dont catch the big fish but you never know your luck :-)