Ann: OZL: OZ Minerals extends its Offer for Avanco, page-2

I am sure way back day one I said watch the SP it is instructive. The band it’s sat in was instructive for me because someone wanted it to sit effectively mirroring the bid. But as you get nearer to the close (long way yet) it instructs more. Take today .165 is easy money, its full cash for all your shares, on balance some would say equal or better to the bid. It’s not so much these immediate numbers, its more what they mean in the bidder’s war room. Now in that room it tells an almost guaranteed story that this is not going according to plan at this bid consideration.

Others may guess what action is taken, but does it not reinforce my statements that not much should be done right now except relax and watch. Next week will be a long week.

Phil

Halfway through this post and they extend eh, expected that next week so be even more relaxed boys.