The questions are:
Why did Milford pay only 16 cents if Mercer prospects are so good?
Why did NZ's top broker First NZ Capital only manage to sell Mercer shares at 16 cents if Mercer prospects are so good?
Why did Humphry Rolleston/Murray and Co not buy the Hubbard shares if Mercer prospects are so good?
And finally,how many years will it take before Mercer's are in a position to pay a dividend?