Ann: OZL: OZ Minerals extends its Offer for Avanco, page-52

...the initial strategic motive mightn't be clear but I believe the extension is a direct result of urgent consideration of the response to the phone survey and they've bought time to engineer a proxy at 0.21 (about +20% to 0.17) to facilitate a raise to 0.25 (+20% to 0.20 and +47% to 0.17) which will probably give them 90% and compulsory acquisition. If not they're not going away and will accumulate on market happily avove 50% because the prize is v.good

...if they'd structured their TO around the concept of a fair go + strong business instead of around the concept of tricky FU listen to me I'm concentrated corporate high-priest minerals man FIGJAM and the AVB BOD had been even half forthright instead of drinking the BR/OZL ethical kool-aid then it would have been happy copper cathodes and cable all 'round. But nah, they had to go the giggly smily Evy FU pilgrim way home... it's all here sunshine and happy for you to have it - just step your way back from being a bunch of pricks...