Bradken (BKN) are to lose their licence for their Esco business...

Bradken (BKN) are to lose their licence for their Esco business on 30th June 2011 & will need to replace that revenue which is substantial.

BKN already own nearly 20% of ANG so I am tipping the takeover offer to occur around the time when they lose the Esco business.

Consequently now is not a good time to sell ANG with the potential takeover pending.

One would expect any takeover offer to be in excess of $5.50 & hopefully around $6.00 otherwise shareholders & ANG directors might not want to sell.

Meanwhile be patient, collect the dividends & await the outcome.