I thought the announcement was par for the course, RAU has first bite of the cherry for a little longer. From where I sit the share price of RAU hinges on the outcome. (regardles of whether that is justified or not). Some will find comfort in the extension, while others anxiety that a deal is yet to be done. Certainly the "owner" would have been surprised at the fanfare created while he was on his sailing trip. Perhaps he is reconsidering his options? If the deal doesn't come off there will be a rush to exit, if it does it will fly, and the longer it takes for a D, the further south the price will drift. Which is good for people like me keen to get back in, but must be nerve racking for some holders. For me volume is the key, not so much my entry price.
All IMHO of course.
Oscar
BIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held