WA paper - SGQ take over target, page-31

Hi All,

for what it is worth, I think that from the trading in the market today, the news article has some validity to it, WSA opened and shot to 3.26, now its trading around 3.05 so the market has identified WSA as the most probable and SGQ is getting some pressure upwards and depth is improving.

With this, I agree, a bidding war is the best option, however if in the last run up and cap raise 20% was accumulated, I am pretty sure that with that percentage they can get a seat on the board if memory serves. That could create a hostile board, and with that a disruption to the company plans creating a lower share price for more accumulation?

What ever happens, once the hand is exposed all hell is likely to break loose. Enjoy the ride, I took JGPM's advice and I am now all in as they say, I will either be on the streets or in the Eastern suburbs of Sydney in a year