Priest,"Without the hedge funds, ZFX are very unlikely to gain...

Priest,

"Without the hedge funds, ZFX are very unlikely to gain control, even if Lion sells."

You might like to catch up the news, LST have sold.

"Lion Selection Limited (Lion) is pleased to announce that it has sold its shareholding in Allegiance Mining Limited (Allegiance)."

See Announcment
http://imagesignal.comsec.com.au/asxdata/20080311/pdf/00821834.pdf

This will give ZFX approx 35% of AGM, one to two more extentions and ZFX will have control. The chances of a increased bid are now very slim, but the AGM shareholders will keep praying...

I suspect that once ZFX announce no more extentions to the offer date, the rate of acceptances will increase very quckly.

Cheers
Muzza