anl shares are subject to the takeover offer of 12c per share.anln are not as they are created as a result of the rights issue at 5c. i would presume that the market in general feels the takeover will not be successful therefore by selling anln at approx 6c and anl at the higher price they are obtaining reasonably close to the takeover bid price of 12c per anl and 1c for the rights now trading as anln after payment of 5c takeup. if the takeover didn't proceed it would seem that the expectation would be for anl to drop and if it did succeed then the offer for what is now anln is only 6c. my interpretation only.
