you lucky shareholders,,,, page-9

re: what is going on "One wrong move and deal off" - gather you are talking about all the limitations QGC put on the offer, 50% acceptance, don't reduce cash and so on.

My guess (and borne out by quarterly report) SGL management are going about business, drilling wells/pumping gas to AGL network/banking cash rec'd/getting their old reserve report updated.

"risk" - QGC are taking a risk spending a couple of million launching the takeover offer. But the QGC shareholders/investors are being tapped for a rights issue for that money. Hope QGC management keep one eye on their main game while they work on bid statements/consultants and so on, as they haven't delivered any gas yet.