At the current share price, the value of the company is less than their cash reserves of $3.5billion.
Watch out for the syndicate of Geoff Dixon and John Singleton. They're Australian, they have the money and can buy the company, delist it and then break it apart as they wish. FWA or no FWA. Government or no government. Unions or no unions.
The sale would have gone ahead in 2007 if not for a late submission by a US basd investment mogul.
The game isn't over yet. This is the first 1/4.