extraordinary activity, page-3

re: buying activity The main reason AND is at current prices is buyers know they have the KCN safety valve exit.

I wouldn't be surprised if large purchasers of AND are purchasing AND with a view to accepting the KCN bid down the track.

At present there is very thin on screen buying depth for AND.

If the KCN bid was pulled off the AND price would crumble. KCN would be considerably more than 15 times the AND share price.

KCN made the sensible point on Friday that currently it is KCN that is being undervalued by the market. That being the case I hardly expect KCN to "sweeten" an already very sweet bid for AND.