hi El,
I share your frustratment but have to admit that patient will be the virtue with this take over.
We have waited now for a while for a better offer , but even because of this waiting time there is no way that we can just write a takeover off right now.
If anything I believe that a takeover would be far more realistic now then it was a month ago.
Nickel prices are holding and if anything are rising as we speak.
More and more analysts are predicting that nickel will stay high all the way thru 2008 , and only then will fall back to far above average prices.
I have seen this happen before with the takeover of TYC , shareholders are going negative and pushing the price down close to the takeover target, only to see it been taken out by a far superiour offer.
time will tell but lets hope it will happens soon.
jojo
LIM
lionore mining international limited.
