ferret, around the traps & fat ladies singing , page-4

yep, thanks Ajax - i missed that article.

the AGL bid was smart, in that it was high enough to cause headlines wrt to the supposed high premium, and high enough to cause s/t holders to dump and run.
it is high enough to deters spoilers, and high enough to make any counter-bidders to "put up or shut up".
whilst the 12.8% s/h who "sold" at 15c really have not that much to lose, because they can accept a higher bid. there also seems to be a drop-dead date July 14th.

I wonder if ARROW/Shell and Santos are interested?
What is weird to me is that I thought that MOS had already canvassed these guys previously, when they were trying to get the UGS off the ground?

the MOS UGS is large enough potential to generate significant revenues and profits - i think (given the large investment required) that its a better fit with a larger coy anyway - but MOS already knew that.

MOS is ideal target for anyone wanting the UGS, because the winning bidder gets 4c cash, and a heap of assets they can readily sell to bring down their initial outlay.

the article referes to Shell and Santos - what about BPT ????

i am sure 15c will not be the final price - AGL wants the UGS, they have a time line, they have abuyer with its own time frame, and without a doubt, AGL has already spent much time and money already doing FEED and FID assessments, because they have stated that AGL has a start date for the UGS of April 2011 - thats only 10 months away!
I wonder if they already have committed to purchase long lead-time plant and equipment?

AGL must get the MOS Board recommendation in order to get a Scheme over the line.
SO i think that a higher bid is on the cards.

cheers