gotcha Jako, always appreciate your posts. I am looking for all...

gotcha Jako, always appreciate your posts. I am looking for all possible explanations at the moment.

I am signing off for the weekend with the following conclusions in my mind (rightly or wrongly) to explain the current SP:

- Coff is partly right in that the market is discounting for the uncertainty of the deal going ahead, aided by IVA's statement, as well as for the uncertainty re the amount of the distribution (and isn't fully aware of the franking). This is good though as it is a risk I am willing to take on as I believe IVA won't be able to block the deal from being done. I also think the discount is too excessive as we are virtually back to the same SP level as prior to the deal being announced.

- ST traders have been selling having waited a long time for the deal to be announced and/or due to disappointment at not getting to 80c immediately. Once again, this is good news if you are willing to buy now and hold out a bit longer.

- the market does not fully appreciate the other projects that EXS has as yet since CCP has taken the spotlight and the market just assumes that a sale price below consensus means the shares should be sold off.

Happy with my position as a result and believe we should be trading in the 80c to 85c range. Looking forward to the following in the next couple of weeks to help get there:

- further explanations/presentations from MA
- quarterly
- broker updates
- perhaps a response from Sin Tang