without competing bid agm will fall for 1.20, page-11

Not hoping at all.

If people thought the bid would succeed for 90 or 100c, they would be selling on market right now. Particularly when there are so many other bargains around, and a lot of people are on very thin ice now with margin loans.

Now it is entirely possible that Zinifex will just walk away. And the price will fall very substantially.

But it is not possible that Zinifex will succeed for 90c. And probably not possible that they will succeed for a dollar.