It is worth more than $38m or 46c, more like $60m in my book. CKL will be consolidated unless, as u say, Ruffy is up to something. I do not know why Ruffy would like CKL's SP to be this low for this long. They had a poor half yearly but really. It has been dramatically oversold.
ACCC has to operate within the laws. The laws are so poor on anti-trust, you could drive a truck through them.
CKL Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held