"Good point. It looks like they just want the Due Diligence...

"Good point. It looks like they just want the Due Diligence before they buy on market or commit to a blocking stake. I wonder how much they have at the moment"

Cant see how you read it that way icurafu - Apart from FIRB approval one of the " many " conditions is receiving a minimum 50% ! that's not a blocking stake they want control.

So first they want to do due diligence - then they want to make a take over subject to finance and subject to ASIC reversing their decision to let Minor buy the receivers stock to get Minor back to 30% not 64%.

What a joke its a massive waste of the boards time to deal with this rubbish ! Even the RFG offer was unfunded - No wonder PWC went with the 52c cash offer.