ORR 0.00% 56.5¢ orecorp limited

The extension of the offer period serves the purpose of...

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    The extension of the offer period serves the purpose of allowing more time for potential signatories to consider and make a decision regarding the offer. It is possible that PRU is waiting for approval from the Tanzanian Government before revising their current offer. PRU has indicated that they expect this approval to happen in February, which may explain why SVM appears to be stalling (extending). The current situation can be likened to two boxers dancing around in the early rounds, but as time progresses, it is expected that some heavy blows will take place. SVM's recruitment efforts and roadshows indicate their confidence in winning this battle, although personally, I do not share the same level of optimism.

    Its boring but we are approaching the exciting phase. Have a great weekend.

 
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