Ann: Change in substantial holding, page-3

Pick any option;

1 - Northern lodge TO within the week
2 - wait a few months to lodge TO so bid considers lower weighted average SP
3 - a second bidder emerges
4 - Oil bounces to 75 usd and we are all winners
5 - nothing
6 - other..

Point 1 is my guess.

Frankly speaking I am surprised by the lack of interest in TAP since the buy up by northern, even with oil volatility I would have assumed more speculatative buying. Perhaps most people are picking option 5, nothing will happen..