I don't doubt the takover rumours as I've heard them, I just find it amazing that the CEO would make comments to fuel speculation. Also don't forget he covered his position with ANZ via options last August to the tune of $M4 at $10.25 with ANZ bank, before he announced a downgrade pulling the price down to $7, and even that wasn't picked up by asic.
profit downgrade, page-4
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