And it was $9 before COVID ...selling it off during the depths...

And it was $9 before COVID ...
selling it off during the depths of COVID ,which is a temporary setback for SYD , for a price less than it was on market before COVID, is the epitome of madness.
The bidders know this is just a temporary setback due to COVID otherwise why would they want to buy it ??
Ridiculously opportunistic bid and the SYD directors should hang their heads in shame for recommending it.
This is an essential infrastructure asset and a quality long term investment once COVID travel bans pass.
The attitude of these directors exemplifies the ridiculously short term investment mindset that too many people have in this country.