in uncertain times

There is a high probability of a greater than 50% return on offer by buying MES at current levels, and there is no interest. Even from the people buying the stock in the low 30s a few weeks ago.

Lets be clear, the takeover offer is still on the table.

The Chinese banks are tightening credit growth as inflation has been running above what the government would like. Shen borrowing the funds he needs to privatise MES is not inflationary at all.

He should have no trouble putting down sufficient security to get the loan.

Im sure people will wake up soon to what is on offer. For now, we wait.