I think the SP is due to move north aggressively now. PacRoad...

I think the SP is due to move north aggressively now. PacRoad mopping up Pybar (shares and options) is a good sign. If I was PacRoad and given that AMI has hit the production milestones that form part of the Glencore debt facilities, I would be thinking about getting the share price up as high as possible and forcing Glencore to convert their debt to equity at 50cents+. PacRoad have plenty of time to make that decision.

If I was Glencore, I'd be running the numbers to see if I should bid now before the price moves too far north but I think if that is a scenario then Glencore have left it too late.

I wonder where Yunnan Tin (11% shareholder) sits in all this. The other curious thing is that I thought a company can only exercise options provided they do not breach the 3% creep provisions. If anyone knows why PacRoad were able to go from 24 to 33% plus signal their intent to acquire a further ~2% without triggering the takeover provisions I would like to know but in any event and just for curiosity, I will go back over the shareholder approvals given because it could just be a case of permission having been granted to go over 3% in any 6 month period.

There can be no doubt in anyone's mind that this company is now safe, secure and has a bright future ahead of it that shareholders will participate in.

Well done team PacRoad for pulling the strings perfectly!