Ann: Mustang Secures $19.95m Funding From Institutional Investor, page-132

Only if Arena are planning on selling on market. I think it might be a long time before we hear any positive news. If Arena wants to grab as much of MUS as possible they will want to keep the SP down for as long as possible. The CN now acts as a poison pill protecting against any takeover so there is no urgency by our two SA friends to get the SP up. The have the cash they need to last a long time (assuming they spend wisely). I can see a situation where Arena sits on their notes earning interest for 12 months while the SP does nothing and then bam Arena converts and we get a flurry of good news.

The real unknown will be what the new MD does. Will he be working for all the shareholders, or just the major.