It's a waiting game, page-359

What are scenarios our now in play.

Gina unlikely to get say 40% at the current offer ? If she wants full control she would need to sunstantially increase her offer to get my 1.2 million and to persuade Twiggy to hand over his holding. This should lead to a better result for current shareholders however we would lose potential for future gains if IO price recovers and Lithium is found.

What does Twiggy want ? If he hasn't come out with an offer yet and is letting Gina slowly build her levels you would have to assume he has given up the idea of control of the whole company, so maybe he just wants to be included in the conversation which should be positive for shareholders if he doesn't sell and some sort of JV is generated which could be very beneficial for shareholders if the company is restructured. If he is just there to block Gina's bid and nothing is restructured it could be a disaster for all concerned if IO stays where it is.

A saviour comes from left field a with a higher bid. Unlikely at this stage I would think with Gina building her base daily. I certainly don't believe BHP would be interested at all as they would only be looking at Tier 1 proven low risk/ long time scale projects.

I'm certainly hoping for a JV scenario where Atlas survives as a stand alone company with Twiggy & Gina working together for the greater good. DYOR and come up with your own conclusions and make your own decisions.