EXU also stated that the risk of SP drop is there,
realistically no one needed to state that, its bloody obvious
This was always going to happen, implied value from RMS offer is 9.75c, SP is discounted cause dont forget the RMS offer is pretty much dead considering the ALK offer is likely to get passed.
After the dust has settled, and after all the RMS buyers finish jumping out, i believe we will see a more market related SP