it is looking good: sp steadily recovers

Let's change the thread title to something fair and positive.

sp is recovering steadily with no selling at below 20c/share, which is the way it should be at least given the net cash backing of 24.4c even with the AUD41mln sale price. It is likely that the bidder for AUD45mln may revise its offer to somewhere between AUD41-45mln.

It may well be a tactic played by the bidder to get it cheap. Management has done the right thing to refuse the further extension for DD.