60 cents, page-15

the thing we have to remember is that EVZ is not chasing companies which is allowing the company to buy at 3.5 times EBIT for most acquisitions thus far which is excellent buying in this market.

They are letting the acquisition opportunities come to them allowing greater bargaining power on price.

Given the absolute boom times QLD Steel would be enjoying I don't think there is a slither of hope that they would approach EVZ. But you just never know. I doubt you would buy QLD Steel at 3.5 times EBIT.

Due diligence is clearly under way on their next target/s and from Gordon's words I fully expect that they will acquire soon. His words spoke volumes for finalising a big acquisition in the next 6 months.

I haven't the faintest idea who and where they will acquire. What makes you think Qld Steel, Fringe?