market is saying...higher bid coming, page-20

The initial AOE bid was too low and a trifle opportunistic.

I doubt that AOE can match the BG cash bid. If AOE bid higher they will be diluting the value of their own scrip. And I don't think AOE can afford to bid all cash.

The best case scenario will be if Shell come in with a higher cash bid. It is getting close to the point of no return if Shell are to get serious about Qld CSG.

I certainly won't be selling my holding just yet.