So what is the typically thin ASX market trading in outstanding Reef Casino Trust stock telling us?
There is actually still reasonable trade relative to historical levels with sound support on the buy side above $4 and no indication of a panicked rush for the exit. That previous big downturn was when the ACCC raised concerns. The Loose Change hedge fund took small advantage of that always unlikely obstacle but currently has no interest.
Note: To clarify. The offer closes on November 28 unless extended. November 21 is the date indicated to update on status of conditions and extend the offer period. Should he decline to extend the conditions could still be satisfied within the subsequent week.