OK the RBS valuation doesn't place any value on SSUGS. What...

OK the RBS valuation doesn't place any value on SSUGS. What really upsets MOS shareholders is that AGL state that SSUGS is the main reason they are bidding for MOS, and the MOS Board have acepted their bid in the knowledge that MOS shareholders will not receive a cracker for SSUGS. Moreover, none of the SSUGS development costs borne by MOS shareholders are being recovered in this deal. What's wrong with this Board and it's advisors?

In relation to the S/price at the time of the AGL bid, I have said many times that the drilling program is the main driver of the MOS share price. Always has been. Our Board was supposed to finalise the 2010 drilling program at the end of May but they didn't.
Maybe the cosy talks with AGL which we now know have been going on for several months got in the way of MOS making an announcement about the drilling program?
The S/price had no chance of recovery in the absence of a forward drilling program announcement.