True, gyro, but who positively factors in a favourable decision by the courts these days? look at ADX. According to their counsel, Bronzewing is "fait accomplis". Which ever way you look at it, it is. But the market wont recognise that fact until the ink is dry on the decision. Back to ANL, personally I have been expecting an "out of court" settlement offer. On the rights issue, there is no doubt Glencore will try to pick up the majority. Think of the horrendous dilution to the holdings of existing shareholders in the case of a $US100 mill rights issue.Ouch.
