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Originally Posted by JohnnyTheHorse
It is pretty much a done deal, with very little room for CITIC to withdraw at this stage. The exact details of the agreement (and the conditions under which the agreement can be terminated) is publicly available, so have a read.
I think OIO approval is the real unknown. Personally don't think the risk/reward ratio is right to warrant trying to pick up the 10 cents.
Agree with you re CITIC.
The announcement today though is rather worrying - these Baker boys are not known for their generosity!
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I really appreciate everyone sharing their knowledge here. Thankyou. I try to DMOR but i have limited knowledge really. I sold out today after buying at 2.23 and 2.30, so am happy to move some to ERD and SML . I appreciate this info you share is not advice, but it does help a balanced view on a whole. Being a bit conservative, if it plummeted, i wouldn't be very happy, and again, a bird in the hand ....
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