one on one, page-2

If the merger was definately going to happen any rational investors would short PLT and go long FER at their respective levels and lock in a substantial risk free profit!

The movement down in today in the SP will place significant pressure on FER directors to either (1) release a market update or (2) the target statement with the Independent Experts Report ASAP.

IMO time is on FER's side as they have cash to see them through to year end comfortably whilst PLT is pretty much out and needs a capital raise desperately if this deal doesn't go through...the $500k in merger costs will have done PLT no favours either!