What are the rules regarding DLS matching bid? Do they get to match only once?
If so, you'd think Hunter would have a two-stage process in mind. First step, flush out matching bid. Second, put real offer on the table.
A cash offer would be infinitely more attractive...and would see the share price instantly move to the offer price.
If there was a rumour of a 38 cent cash offer, however, you'd think it would have been reflected in the shareprice today, at least hitting the implied value of Magnum offer (34 cents eq.)
DLS Price at posting:
$1.50 Sentiment: Hold Disclosure: Not Held
AQO Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held