Huey, unless a counter offer appears from somewhere and a bidding war entails I expect this thing will go to the Spanish buyer for the $2 mark or so. Yep, certainly a big fall from the 15+ dollars just prior to the GFC. In fact if this goes for around 2 dollars, without taking dilution into account, it will mean the share price hasn't increased for about 13 or 14 years. And of course, it will also mean about a 14K loss in my portfolio which looks pretty sick already. Certainly, investing in the ASX hasn't been the wisest financial decision I've ever made.
TSE Price at posting:
$1.91 Sentiment: None Disclosure: Held