Hi all. Pinetree.. Yes the s/p is 53% below the t/o offer price...

Hi all.

Pinetree..


Yes the s/p is 53% below the t/o offer price of 66Cents
p/s, and you ask is it worth a punt, and will there be a
revised offer at a lower price.

Of course it is worth a punt on those figures, this whole
investing on the ASX is a casino with the way the ASX lets
the shares of companies be manipulated along with ASIC.

Regarding a lower revised offer no way.

While dingyi were negotiating the offer the S/P was
pushed up from around 24 Cents to 48 Cents from early
April to late April Dingyi would have been keeping a eye
on the s/p as negotiations progressed.
Then when they made the offer of 66 Cents p/s the shares
rose to a high of 57 Cents and have since then drifted
lower with the help of the bigboys shaking the tree, nwts
do you really think Dingyi would have put a offer in at
that price, when they watched the s/p go up as they
negotiated the deal, they know they have a great deal
in purchasing ELM, because the Chinese are buying up
Dairy Farms, Cattle Stations, and as much Arable land as
possible, so they can feed this generation, and future
generations of Chinese into the future.

I am not concerned with the s/p, actually at the moment I
love it, 53% Profit does not come along easy, I am making
the most of it.

Cheers.
Simmo.