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23/11/10
10:29
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yes I agree must be beach buying,
If the valuation comes up as fair to ITC holders then Eddie gets fair value from his investment.
If the report comes out and says the offer is unfavorable to ITC we get more upside via beach increase
Fair value is all you need if if you truly know the asset stacks up.fair value on a 100 mill valuation is 100 mill bid
Eddie and Greg know it will stack up nicely.
8.25 wets the appetite for beach - the ind rep says 10c or more is appropriate.
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