I'm thinking how the take over people must be feeling.1 - reduce...

I'm thinking how the take over people must be feeling.

1 - reduce the daily shares traded volume by over 95% - done.

2- despite the fabulous announcement about production, freeze the price range of the shares to 60-62 cents, and hold it there - done.

3. Make the current shareholders lose faith in a very valuable company - Work in Progress

4. Grab a large slice of the company at a ridiculous price, slowly, slowly, catchy monkey. - Piss poor result so far.

I think they are hoping that current shareholders will become disillusioned and sell when a, still undervalued, new offer come out. They will probably do it soon, as the longer they wait the more improved production numbers will be announced.

My bet would be that before the end of this month we will see an 75 to 85 cent offer, with a hope of the reaction being "let's grab it, the share price is going nowhere".

Everyone, please don't be sucked in by this cynical exercise. If I am right and this happens, know this, your shares are worth $1.30-1.50 and a fair offer is $1.80-2.00. React logically, not emotionally.