Ann: Becoming a substantial holder, page-19

Interesting week...

We've seen a scoping document deliver an NPV well over double the current offer, even with ridiculously conservative assumptions.

We've seen TLEA surveying shareholders, presumably to sound out the need for an increased bid.

And now we see more evidence of smart money taking up substantial positions at the current price, presumably in expectation of a heated bidding war.

I wonder what next week will bring?!