imho too much is being read into Rowsthorn's comment regarding potential of offer price being under current SP. Haven't we all heard the word disclaimer??? Signed a contract lately....taken a tablet??? if you took all this disclaimers to heart you wouldn't exit the house.
Reality
- 4 bidders for whole of business and multiple bidders for part thereof
- Rowsthorn is a CONSERVATIVE PR man....zero in fact.....he did zero to pump the price as it slumped to .40c
- massive buys at 1.81 indicates the real picture i believe
Having said that, I am long in the stock at 1.20 av but really could have made a small fortune trading it...if only!!
My guess is $2-3 short term and $5 plus longer term for those interested in holding.....just look back at the days of langcorp! so might hold for now.....I think???? very hard to read with the bids atm but support at $1.60 looking likely.
views for tommorrow, page-8
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