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16:46
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Originally posted by Sojourner
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"3) That brings me to the St Andrews deal. I thought about this today and suddenly realised it will go through almost 100%, despite the fact that Freedom now have little synergy to offer." - I agree. Rightly or wrongly, I'd assign maybe a 95% probability that this deal will go ahead. If it was dead at any point they would have had to immediately disclose this under ASX listing rules, or at least halt/suspend the stock while they confirmed.
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Your 95% chance of St Andrews going through is very optimistic. Freedom need to stump up $10m cash - how is that going to be possible at the moment with all the other costs they are incurring and the loss of new income.
