One would assume that with Packers backing this is goingto...

One would assume that with Packers backing this is going
to happen so share price should narrow to NAV - 7.5%
Assuming NAV still $2.33 there is a 17% discount at the moment at $1.98. Two possible reasons that the price did not move straight to NAV - 7.5%. The NAV is not $2.33 anymore or people think there is some chance of it not happenning.
Am I missing something here or is this good buying at the moment?
The other thought is if you buy this at the moment and keep until September 2010 you are going to beat the fund return by heaps as they are going to pay NAV. 17% discount at the moment and will pay NAV in 2010. Once again any thoughts.