I didn't realise that takeover rules allowed those that offered their shares to take them back in the event of such a long extension.
I am therefore assuming that XNA's decision for such a long extension is an expression of their confidence that there will be no other offer enticing people to reclaim their shares.
Well, I am all but out now.
I am wondering whether the fact that most other ASX nickel stocks are defying the falling pon is because people are now buying alternatives. JBM is such a chunk of the ASX nickel market gone. LIM was hardly even traded on the ASX.
EL
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takeover extended to 31 january 2008, page-2
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