Ann: Change in substantial holding from RMS, page-8

Agree with your comment that (nearly) everyone wants to see a deal done. As i have stated in the past that RMS needs BRB to make Rebecca work - just as much as BRB needs RMS. This can be a case of 1+1 = 3.

I was surprised to see how low the acceptances currently sit (I assumed they would have a solid run to >50%, but then struggle). Next week will be interesting, but I would be surprised if there are not discussions in the background re price and a revised bid would not surprise. An extra 10c would probably shake many loose (maybe not Tom), and I think 15c would probably seal the deal.

I am happy to just sit and see how this unfolds for now (another fortnight to 1st May). Given the investment they have riding at Rebecca, I doubt that RMS would just chuck it all in on BRB if they don't get over the line on their first offer.