norton need to double the offer

In my opinion, to get a decent share of BGL.

I read in the BDO report that BGL didn't have to seek an 'Independant' Expert Report as Norton had less than 30% n no directors in BGL. It's very positive that Brett felt confident enough to go the independant report route rather than one that might have been biased towards our company.

Norton have had almost no traction so far! Nor should they expect any at just 7c. They can't buy in Oz as price is over their offer, and in the UK only 30K has been traded below the offer price since 22nd May.

UK retail are afaik really against selling to Norton. Assuming our Aussies cousins feel the same then Norton need to very substantially improve the offer or risk:

1. Annoying SH's further with a poxy low ball offer.
2. Getting snubbed again.
3. Allowing BGL to report more progress increasing our assets value still further.
4. Another bidder entering the fray.

I expect Norton will up the bid by another opportunistic cent or two, still a long long way below our assets value.

IMO the less we give Norton now, the more they will realise they need to double the offer ''as a minimum'' to get traction.

Don't accept their derisory offer and imo all BGL SH's can and will get much more cash for our shares if we wish to sell.