takeover question, page-2

Jesimore,

Opinion only, but I reckon most holders are by now almost totally disinterested in the sp on the ASX. They are probably looking at it as a med/LT investment. I could be wrong.

Management have now been given the challenge to show the value of the assets, they need to either get us a better deal in terms of a merger with a more compatible coy, or to selldown the key asset to demonstrate value and/or to return cash to shareholders (preferably in excess of COE's derisory 50 cent offer). I believe most will be patient with management, those that aren't probably wont/can't wait for COE's offer to close (after possible extensions). These are the desperate few selling on market this week. Just my take on things.

In short, who knows?

EL