Major holders can still accept TO through Facility?, page-3

This entire Ferrovial/Broadspectrum debacle has begun to seem too personal at the management levels of both companies - how little can we pay versus how many times can we tell you to shove off. The problem with this is that the shareholders are caught up in it. No one is looking after their interests.

The PNG thing should make BRS realise that it is between a rock and a hard place. Yes, it might go up to some time to its apparent real value. But recovery could take years. I remember when the goldies went down and there was a cheerleading squad on HC, spruiking and claiming that they would make a fortune. After a few months they drifted off and the remaining ones got bitter and angry. Gold is slowly recovering, but most goldies are not back to where they were and there are still years ahead before they will. Some of them will never get back to the glory days. My point is that companies that serviced the resources sector are in the same boat.

I don't understand why the major funds aren't moving to accept this offer, it's the best one they are going to get and while a lot of longer term holders are going to be out of pocket by taking $1.50, at least they will get a better price than they would have several months ago, and their money will be freed up to invest elsewhere.

I'm still hoping the major funds that hold the control in this decide to take this offer.