well 'rumours' turned out to be true. I don't think PNG govt...

well 'rumours' turned out to be true. I don't think PNG govt would be an obstacle to a merger but reckon OSH holders will refuse to accept the current 'non-binding' proposal of 4 OSH for 1 WPL. With WPL at 30.58=7.64 per OSH share. This $1.01 above last OSH trade a premium of 13.6%. Normally this is not enough for a TO but WPL obvioously waited for POO to get hammered before launching proposal. Fortunately i have only part of last remainingshort position open, otherwise would have been scorched!

Note how STO SP has leapt 10% on the news. Holders must be stoked.