Yeah ok, agree.
Like what you have posted, SVM has a matching right, so there's another reason why it will be best to hold off until the scheme falls over. ORR will likely need to pay the break fee if a transaction with a third party occurs within the next 12 months ($2.8M is probably the least of their worries).
This will get convoluted with ORR/SVM/PRU all having at least 15%+ interest in some form.
Side note: I was expecting 55c+ today, not a 10% drop.
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Ann: PRU: Perseus acquires 15.03% interest in Orecorp, page-21
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