It is a bit of a worry if/to delay signings to get a low offer...

It is a bit of a worry if/to delay signings to get a low offer over the line. But, on the contra, there have been a few good news events since the low offer. This is why I try to anticipate the news - which I have highlighted. And I have not posted re recent GCY news, but that mine is growing. Zen will be supplying power there for the next 10 years at least.

Arrow, the delay problem I think is any unbiased appraisal of the clients and contracts and future will show the $1.01 is unders. So the extra time is how to massage the data into what the buyer wants. The problem re the unders offer being in the spotlight is that Zenith is such a simple business. And it has a lot of simple data to model and assess. Even a dummy like me can figure it out.

Maybe PEP thinks it is Rocket Surgery and is confused. Or maybe OPT is trying to figure out how to get out quick and get another 2.5% before they make their offer.

As I always said. Zenith is not smoke and mirrors. They are a profitable, growing MW, growing EBITDA, growing franked eps company. It aint no Ponzi scheme. The buyer will try to hide facts and 'take it off our hands'. Of course we understand. The buyer will diss the product. The seller will hype the product. Good thing we have an Independent Reviewer and even the IBC on our side.

re your 'about 13 clients', from half yearly.... maybe PEP and Apex have not seen this slide. Or maybe they are searching for the contract on Phosphate Hill. I can send them to a work shop in Cairns to get the info on that.