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2,668 Posts.
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27/05/14
12:41
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This could get interesting, IF it is a bid. There is also a chance of a JV.
A bid of 1.85 would be around 30% higher than the last closing price and much higher than any 5,10 or 30 day VWAP.
My gut feeling is that if a bid does come in around that 1.85 figure, you'd probably see another bidder enter.
$2.20 is 54% above the last closing price. Would anyone be game to start at that level? Hmmm, tricky one.
Ideally for holders, let's have two groups come after it....lol.
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