convert or not convert, page-8

Renegade79,

Despite your hosility, and the fact I have no need to prove anything to you - there have been mutiple articles where Hugh Callaghan has stated that insto. clients accounting for 11% of IBR stock are unable to accept till the last day due to their charter. Here is one such example of him talking about this on Miningnews.net :

"Callaghan said he had received indications from institutions holding a collective "double-figure" interest in Iberian that they would only accept the Tamaya offer in the last few days before the offer's final close."

or here's a quote from the AGM release:

"...although we are aware
there are approximately 11% acceptances from institutions which will only be
received on the penultimate day of the offer."

"11% insto's" is'nt my opinion or secret knowledge, but you'll find out by Friday anyway.

And for the record, I was an IBR holder that was'nt too excited about the merger either, but it's gonna happen whether we like it or not.

Cheers