Exactly - which begs the question, why is this trading at...

Exactly - which begs the question, why is this trading at $3??

Something is afoot here. If i knew with certainty that the deal was going ahead at $3 (and if it does, it'll certainly take at least 4-6 months), I'd be out the door. The share price SHOULD be around $2.75-$2.80 to account for the time value of money discounted by the risk free rate, with also a small premium for the chance of the deal falling through.

The fact it is trading at $3 means something is going on. Retail investors can't swing the price that much. Shorters doesn't explain it either. ALB can't influence votes by buying shares (as they can't vote with their shares). So I don't know what it is, but it is IMO a promising sign. Possibility of a leaky ship, or another bid perhaps. I am certainly holding out hope as I don't want to be forced to sell this for $3 (especially not in this FY).