turnover and churn, page-4

If the reserves upgrade is strong (as I am expecting given announcements to date) then hedge funds will not invariably accept the takeover.

Voting time is months away and the reserves upgrade will come, either as a standalone announcement or part of the IE report. I think competing bids are unlikely until then, but who knows.

If the current bid is increased by the value of the upgraded reserves I'll be happy. I'm hoping for something higher than $1.20, with my bias due to being a holder since 2004 and $1.20 being above the peak to date.

If nothing changes, and the STO offer is the only one, I'll be voting NO.