coverage in today's afr, page-10

I've checked to see how big a pair I've got. 25% discount of NTA would see an offer of 41 cents.

LLC would push for a discount for payment of providing good management, turning LLP around to a profit etc.

Insto's should say they want payment for sticking by LLP and compensation for the previous capital raisings.

The risk has been worn by the majority shareholders with previous raisings, even though LLC have done a great job in turning it around.

I've just added a parcel at 30 cents on the prospect of negotiations establishing the argument of a discount on nett worth, not a premium on recently traded prices (as it is being sold presently). If it amounts to nothing, I'll hand them over at 31 cents (3.3% is still a gain).

It might be a month before we see something tabled. If LLC pull out, there will be a retrace before a recovery.