Yeah silly me, the minor Link outages and unreported Auspost delays necessitated a 16 day extension of the closing date, not the fact that the RI will certainly fail at the current SP and lab results are later than expected.
i don't doubt there was a minor Link outage (in fact I know there was) or that there are minor AusPost delays. But you're naive if you think that it was a cause, and not an excuse.
I wasn't planning on taking up any for my 1.6m shares, nor were any of my friends who hold about the same combined.
If the RI failed, SP would drop, insto raise at even lower. Every incentive in the world for management to extend it, and better to use an excuse than to come right out and say it
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