the SP seems to be sitting round the 42c mark again. it won't seem to budge. given the announcement by Bumi that they are no a Sub S/h, then it is pretty good bet that they are simply selling into any buying, around that 40c - 42c mark.
and given that they had a bout 18m shares at time of their announcement, that will keep a lid on the SP for a while.
I guess if a fundie came in and bought a big parcel off-market, then we would never know?
the media seem to be speculating that this latest Proposer might be someone else, other than Petro? Hope it is!
cheers
WCL Price at posting:
42.0¢ Sentiment: None Disclosure: Held
