Ann: Recommended and Unconditional Takeover Offer Extended, page-14

backofbeyond,

I don't see anyone as being locked out, in my opinion the smart play for a Bullzeye shareholder is to take the offer, but leave the EMR shares on the registry. This is what I've done, as it keeps me eligible to both reverse back to a Bullzeye shareholder whilst the offer is ongoing (a right that was required by the takeover panel ruling), and eligible to receive any benefit that may arise as a result of the report that'll be published shortly. And when things conclude one way or the other, I don't have to wait the 10 working days for my EMR shares, as the conversion has already taken place.

EMR SP is looking great. POG is of course the driver here, but EMR SP could additionally be driven by various milestones on the OZ holding, i.e. resource definition, feasibility study, commencement of plant build etc etc, and it appears me that has been slowed because of the much extended nature of the offer. If this offer was done and dusted 3 months ago, EMR would be driving ahead with this project. They've already said that post offer there will be a Bullzeye fundraise to enable things to be pushed on.