I hope you are right but there was an article in this mornings Financial Review saying that GPG was still backing the proposal.
My belief is that unless Coastal think there is a chance that GPG will vote No then I'm geussing that they will following to ensure they get their now 35.4% return based on their latest increase to 16.5%
The other position is that Coastal may smell an opportunity with their 16.5% (and possibly more over coming days) and the smaller holders like us they have a bargaining position.
Let's wait and see.
I vote No!
AEJ Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held