My understanding is that the deal will be signed off tomorrow or Monday at the latest. I was advised this by someone who rang the company.
No promises - if I'm wrong I'm happy to wait another week, but I'll go for ann. early next week rather than later.
With this sort of volume there is a lot of holders who will take a small profit. Good luck to them, but there is an awful lot who have bought in at 6,7 and 8c and won't be bailing out for a meagre profit.
I also believe there are broker reports around and some have valued this upwards of $1 when the ink dries.
Please excuse the ramping - I guess there is no crime in trying to predict the future - the proof however will be in the pudding!!
BLR Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held