If it was trading at offer price or higher it would indicate that the market expects a superior offer. That is not what I am saying. I am saying "IF" copper and gold prices remain strong the scheme will fail - either the Board removes their recommendation based on Expert's report and major shareholder feedback, or it goes to a vote and fails. I base this on benchmarking other copper producer share price movements from before BHP's initial offer; this analysis indicates the SP of OZL would be close to current levels. refer to https://hotcopper.com.au/posts/65819396/single
Why vote Yes when there is a near Zero takeover premium?
I am unaware that there are any funding issues with OZL if the scheme does not proceed.
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