Ann: OZ Minerals to acquire Cassini Resources, page-10

Mixed feelings but the following points occur to me:
1 I've said before quoting a MD " a T/O is at a price the majority of s/h are prepared to accept" if they are not prepared to accept it now it won't happen.
2 I think the price is skinny by at least 2c and I don't think the contingent $$20m for WMP sale make up for that in any way.
3 the T/O implies a large management belief in the perspectivity of Yarawindah and their abilities. I expect they're sitting on the most recent set of assays bad or good. To some extent, they've capitalised on the Julimar find and capital raising.
4 equally raising the funds for funding CZI's part of the project proved a bridge too far. Management will have workshopped it and determined it. That is what has resulted in the T/o price accepted.

All IMVHO more humble now.