Thanks for your post Niu, that is very useful research on your part. BCP are obviously keen to bring the NDO oil under it's control and will IMO want 100% to fully integrate it into it's corporate structure. The ring around by them does show some concern that the may struggle to get there. I am now more opptimistic of the possibility of an increased offer coming from them if the T/O struggles to reach 50% by 19 Sept, in which case we should turn our minds to what would be an acceptable offer. If they have to increase their offer will they do it by stages or will they simply go to their best offer? If they go to 7.5cps, I will have to give serious consideration to it even tho I believe NDO is worth more.
ANZ
NDO Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
