it was 35p before the bid E.g. was a write off on the books.
Non cash impairment do you not understand basic accounting clearly not this from a man who was scaremo getting here and elsewhere all weekend predicting 10p opening. The market went up Monday.
And by low ball you mean whereabouts Davstock? looks to me that the II are loading up in this range to get there average down then making a low ball digestable
I would say MS is the blocker on any rise while letting the Insties holders load up or average down, to then get a deal that they will give the thumbs up to. all imho of course.
This was all but written off anyway see previous RNS last year.
In my honest it was just a waiting game as it would look very silly for medco to offer x price last week then e.g. licence news comes out.
The reaction of the market says it all done deal now we have everything out in the open and let's sort the price on the Asian assets prob done already imho