Maybe there is something that could make sense.
LCY ordered a valuation after they announced a delay of the offer that was expected at the end of August.
Maybe that valuation hasn't been completed by yesterday and just came in today. Therefore another delay to give LCY time to compare the offer with the valuation and hence HAW's request regarding the valuation.
LCY and its directors are a major sh of HAW and the most of us HAW holders expect a T/O soon. Why ? The Indians want 100% Mt.B and LCY is the key to open the door, minimising the problems with the regulators.
Wouldn't be surprised to see the double ann. on Thursday, Cornerstone investor and T/O bid. HAW is in T/H which prevents a sp increase above a possible t/o offer price.
Just my thoughts from someone who get turned with the wheels turned by others.
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- shame on you
shame on you, page-85
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