I will make that call closer to the date as i indicated earlier...

I will make that call closer to the date as i indicated earlier - the recent trading is certainly interesting.

If it gets closer to 60c in trading as some have speculated I would likely look to sell 50% perhaps more of my holding as a defensive move in case nothing eventuates I might even sell some in the mid 50s for the same reason.

I have a significant exposure at the current market price - I held out quite a few years ago in a somewhat similar situation not a TO but a big run up - I stayed in at the time expecting further appreciation which was not to be and eventually exited for a much lower return. I have not made that mistake in similar situations since which is why I sold out out a reasonable number last year fortunately just before it peaked.

I might not maximise my return with my defensive approach but after many years of investing I i have learnt it is too hard to pick the peak better to get out at a price where you are happy with the return or perhaps sometimes stay in at a free carry.True I have exited at times early but that is the price for being defensive.

There are always other investments to consider.