A few corrections to posts I've seen on other threads...1) SXP...

A few corrections to posts I've seen on other threads...

1) SXP do not have JORC resource

Yes they do have a JORC resource. Have a look at their announcements from 8th August and 28th June 2007 for details. The target resource for coal, CSM and oil is absolutely massive.

2) LNC buying caused the share price rise.

All UCG, CSM, coal and oil plays have been re-rated by the market in the past three months. Many have doubled, tripled and some gone a lot further. It is very unlikely that LNC would sell if the takeover didn't succeed. Its quite likely they would continue buying until they reached the 19.99% threshold. Why would they suddenly change their minds on the value of the resource and the existing JV?

3) The takeover is in the bag

No it isn't. A vote of 75% of shareholders is required to validate the scheme of arrangement. Hold on to your shares and vote against it. In addition there may be a counter offer or legal action that invalidates this. If the shareprice rises far above the offer, the directors will be legally negligent in not taking this into consideration.

4) There is no CGT advantage to cashing out later.

Yes there is - the advantage is you can declare the gain in next years tax return, future tax returns or never if you go on holding.