The move to seek a CR at 0.60 is an elegant and skilled...

The move to seek a CR at 0.60 is an elegant and skilled negotiating ploy.
OBS will have enough funds to keep growing the resource and the confidence level of the resource
which will verify the SEMAFO bid as too low.

I have no reason to doubt there are one or more alternate bidders to put pressure on SEMAFO.
I predict SEMAFO will raise their bid as the OBS compliant resource will double their reserves and there is more to come.
There are superb economies of scale for SEMAFO.

This game of chess may take several months so short term investors will take profits and go.

As the price falls we may see an on market bid and the soaking up of shares by sophisticated investors who will sell into the final offer.

Waiken