the market and oh evidently disagree, page-31

Yeah, reckon you are right cjv1970. The assets are too cheap at this price for a major to simply pass it up. How sad it all is. To think that the "once-Mighty Ox" was brilliantly developed into a wonderful emerging mid cap, then a great Australian success story. We were always fearful that it would be taken over cheaply at around $6. After the merger, we might get $4.50, perhaps $5, tops. Such is the value destruction of one bad decision. I've never thought bigger was automatically better, but apparently the Ox Board does.

We look like we have found the bottom though. Plenty of buyers lining up at these prices, and all it will take is for a blip up and those buyers will chase it up. The value is just too good at these levels, and whatever happens, a buy at $2.80 will look pretty clever a couple of months from now.