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Could be intresting Seek.

I am fairly confident the trading halt, referred to as 'pending corporate transaction on EME', is either of the following:

1. TKO offer for EME
2. JRL have finally found a buyer for their EME stake (refer Nov 2008 chairman's address where they flagged this occurring this year).

Obviously I would prefer the first scenario, since that would be a significant TKO premium.

TKO premiums average around 20% to 25%, however given how many EME shares are controlled by EME directors, and JRL, you would think they could squeeze quite a bit more out of any suitor if they negotiated a price at which they would agree to the TKO.

Either way, if any of the above two eventuate, I would expect a significant amount would be returned to JRL shareholders, again as flagged in Nov 08 chairman's address.

BJr

<blockquote data-quote="BuffetJr" data-source="post: 481290" data-attributes="member: 18444">Could be intresting Seek.I am fairly confident the trading halt, referred to as &#039;pending corporate transaction on EME&#039;, is either of the following:1. TKO offer for EME2. JRL have finally found a buyer for their EME stake (refer Nov 2008 chairman&#039;s address where they flagged this occurring this year).Obviously I would prefer the first scenario, since that would be a significant TKO premium. TKO premiums average around 20% to 25%, however given how many EME shares are controlled by EME directors, and JRL, you would think they could squeeze quite a bit more out of any suitor if they negotiated a price at which they would agree to the TKO.Either way, if any of the above two eventuate, I would expect a significant amount would be returned to JRL shareholders, again as flagged in Nov 08 chairman&#039;s address.BJr</blockquote>

[QUOTE="BuffetJr, post: 481290, member: 18444"] Could be intresting Seek. I am fairly confident the trading halt, referred to as 'pending corporate transaction on EME', is either of the following: 1. TKO offer for EME 2. JRL have finally found a buyer for their EME stake (refer Nov 2008 chairman's address where they flagged this occurring this year). Obviously I would prefer the first scenario, since that would be a significant TKO premium. TKO premiums average around 20% to 25%, however given how many EME shares are controlled by EME directors, and JRL, you would think they could squeeze quite a bit more out of any suitor if they negotiated a price at which they would agree to the TKO. Either way, if any of the above two eventuate, I would expect a significant amount would be returned to JRL shareholders, again as flagged in Nov 08 chairman's address. BJr [/QUOTE]

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