There are a lot of posts it seems about when to get forms in/how to hit the deadline and “not miss out”. I think this is muddying things, and creating unnecessary angst.
On May 15th (or later) if you haven’t accepted the offer, the sky doesn’t fall in. AVB will still be trading on the ASX, the share price won’t collapse, and if you want to get out you can sell on market (and for cash, not cash+scrip). You can be sure there will be a buyer because OZL have signalled they are keen to hoover up the lot. If you do want some OZL scrip still, you can buy on market then. The only thing you potentially miss out on is some arbitrage margin based on the implied value of the AVB bid given the OZL share price and the current AVB price, but it won’t be a huge gap.
Which is all to say... relax!! You don’t have to do anything. Just think of the OZL bid as putting a more realistic (but still inadequate, IMO) floor on the share price. If you want to exit, do so because you’ve concluded the stock is at full value, or you’ll get better returns elsewhere...but not because of some false idea you “have to” or “fear of missing out” because there’s currently a bid in play. Let it all run its course, and really importantly let’s get some more info (Panterra drilling etc etc). The longer this goes, the more value there is as more info comes out.
