Ann: Essential and TLEA to enter into Scheme of Arrangement, page-64

A good finish today and I am looking if those interested are ready to take a step up, crucial I feel is to see if a step up happens rather than waiting for sellers. I have been trading an oiler for some time and writing in my reports, looks like those interested can really push it, it has tripled in a week or so. The intent is strong. A good day today, but still in the zone. Certainly today has opened up prospect of going higher.

.

Regarding your point about our unique position, the theory looks good, but practical actions don't point towards it, at least to me, and I could be wrong. If it was so close and so much money to be made, it begs the question - why did management go against basic financial 101 rule and against shareholders in one sense.

.

Lets hope we continue on a possible rise. Due to market conditions as I wrote yesterday, I did get out of most stocks including here. There is a good chance, SP 500 may rebound from 3900 tonight. If it does, I will again get in, honestly I am a bit spooked by a chance that general markets may give a surprise.

.
Travelling today and on weekend, so my usual daily narrative is not there. Let's hope we get a good rebound and we test the zone I am taking about. Enjoy your weekend and all the best.