m & a, page-8

the way they got to 19.9% was through a share swap agreement with blackrock and Jp Morgan. i.e - blackrock and Jp buy aki and then give them to eqx for eqx shares.....


blackrock did this and have since built up their holding to replace the shares swapped with eqx. i imigine jp doing the same whihc suggests that whene the 6 month period is up (they siaod they were not planning a bid at this stage in june, whciuhc means they cannot change their mind for at least 6 months) - early jan 2012 - eqx will launch full bid and will have 30% approx to start the game off. thier problem is that CFE already holds 26%........and won't let them have it too cheaply - end result may be that CFE may hold 15% of eqx and eventually take them out.....either way plenty going on with aki and i am hodling to see what happens.