Ann: Silvercorp - Notice of status of defeating condition, page-3

Yes agreed. The Silvercorp offer at close of trade Friday is equivalent to A$0.614. A PRU offer probably needs to be in the order of 5-10% above that to get ORR Board approval as the counter argument to a PRU cash offer of equivalency to the combined cash/script Silvercorp has been it doesn't capture upside exposure to gold prices. PRU need to offer measurably more if they want ORR, not an equivalent or as it stands 10-11% below where the Silvercorp share price sits. PRU are not cash constrained, ORR is worth more to them. Still think an incresed offer lands