Dana's Bid price could be close to Net Asset Value.

There are buyers at 11p (there must be) we just need the weak holders to be shaken out to see a bounce. I think we have to have faith in this one. The last time I thought such a low price was too good to be true (in relation to asset value was Arcadia group (That appeared to me to be worth 10X the Market cap. At such a discount to reported assets I honestly thougt there was something funny somewhere - there wasn't and the shares have risen from 35p to 260p. The rise was a result of someone taking the company seriously and pushing the share for all it was worth (Stuart Rose). Dana is worth 12p on a reporteed assets valuation and probably in excess of 20p on an 18 month view (assets as yet not reported in the figures)

I am extremely keen to buy, I just feel it may still drift - though there is an upward movement in the oil price.