Ann: Takeover - extension of offer period, page-30

Shorts have decreased to just over 16 million shares shorted (a 3 million share reduction / covered & returned). This reported on a date when daily volume exceeded 11 million shares traded. This means that 8 million shares were purchased by investors who expect the share price to move well north of the offer or current share price.
This appears (at least to me) that shorters are having difficulty covering a large volume of shorts without seeing the share price push up even further. A marked increase in the price of gold or December production at or above 12,000 ounces could be catalysts for the SP to break out of the current range.