pigs,I agree with your commentary - expected the offer to be...

pigs,

I agree with your commentary - expected the offer to be sweetened in due course

You won't get any meaningful traction with the offer at 27:1, you may on the other hand at 20:1, but you may have to end up making it 15:1

With the recent revelation that DLS prospects held together with Beach in the Cooper are fundamentally worth lots more than thought, the last scenario above may need to be put forward in order that the right camp succeeds

To have cowboy directors sending letters on company letter head not sanctioned by the company and to have the very much ex (and there was damn good reason for that) MD doing his own little rant (including pls send your proxy form to my new company fax - wouldn't BUY shareholders love to - know he is working hard for you - NOT) well its a disgrace. Mind you if you subscribe to kharma.....

Anyway, pigs, keep up the great work - go on make 'em honest!

jr