I wouldn't like to speculate on a price but if you were a "major holder" , when would be the best time to make a move? Shut-in period not due to close till 29th/30th Nov, instruments to be retrieved, and analysis to be done. SP bargain bucket, may rise in anticipation of results.
The one thing that takes me away from this theory is the 48hr halt. They must know already if it's a yes or a no to the offer it that's the case.
That's why I think it's a JV. Price driver, then results, then get financing away, that is my thought.
OEX Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
