PALKS, You have a substantial holding evidenced by your receptiveness to RDD. (me too). $1.50 does seem to allow for a lot of good will. Most buyouts apply pressure to minimise this component, I would. My gut tells me that Ansteel would be unlikely to go for full ownership. Not enough in it for them. At the moment they have: (soon) a controlling interest in Karrara, a substantial interest in GBG (2 board seat) meaning no surprises, a credible Australian interface for a three billion dollar operation guaranteeing them supply for 30 years, a blueprint for the Australian government to massage the selling the farm movement.
Question...why would they payout 3 billion dollars for full ownership?
ps genuine question
U
GBG Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
