Rob,
Agree that the report contains nothing new.
The only thing I get from it is that the current board has delayed any meaningful possible developments until next year.
I don't know if that is fairdinkum or just wont put anything like upgraded resource on the table for a positive argument of share worth.
Seems to me that Arrow are expecting the board to be good salespersons & get the deal over the line with the mushroom shareholders before any further good news comes out.
Just from that report I intend to vote NO!!.
I want to wait until around June 2012 & see how the Norwich/Vermont reserves shape up.
If they come in anywhere near the target that will prove this bid to be a complete crock of you know what!!.
I am in no hurry so happy to wait. I don't assert that the board is smellin but I really would like the board to come out with something that will make me think their integrity is still intact. The independent experts opinion will be the final straw I feel.
Call me a sceptic & I will agree.
Salty
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