Seems to be an 'activist' shareholder. Letters from Dawney...

Seems to be an 'activist' shareholder. Letters from Dawney following AWE's rejection of the Lone Star offer are posted at:

http://www.dawneyco.com.au/Campaigns.php

Some conjecture as to whether Dawney will exercise the call options, particularly if the share price is less than the strike price:

1. Offer summary:
Offer
If Dawney exercises the Option during the Option Exercise Period you will receive $0.56 for each AWE Share comprised in your elected Holding.

DYOR