Trust me cash aint an issue for EVN especially the amounts we are dealing with. The cashflows with the POD AUD is adequate o pay down debt and cover this easy
The reason EVN will not buy on market is because PXG is illiquid. It will cause the SP to head north at a rate of knots. Only a small percentage of PXG shares are on-market, so not practical. Off market is the only way.
Ann: Phoenix Advises REJECT Evolution's Takeover Offer, page-65
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