If I were them, I'd keep the SP around 5.6-5.7c to put shareholders in 2 minds -- take it up as it's above the 5.5c offer, or else sell it for a pittance of a 0.01-0.02c spread.
If EPN is serious, they could just scoop all them rights up.
If you sell now, you'd get ...hey hey.. 5.6-5.7 for which you probably picked them up nearly double, so you'd be facing near 50% loss.
If you hold, thinking to outlast their deep pockets, it'll be a long time, not to mention they now also get the Management Rights from McDonut, thus a share in that income stream. They'll be robbing the honey pot on that side and 'risk managing' the asset and its shareholders.
Just my guesstimate.
PS. I bought more at 5c. I will not play to the tune of those games.
MDT Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
