I didn't realise that takeover rules allowed those that offered...

I didn't realise that takeover rules allowed those that offered their shares to take them back in the event of such a long extension.

I am therefore assuming that XNA's decision for such a long extension is an expression of their confidence that there will be no other offer enticing people to reclaim their shares.

Well, I am all but out now.

I am wondering whether the fact that most other ASX nickel stocks are defying the falling pon is because people are now buying alternatives. JBM is such a chunk of the ASX nickel market gone. LIM was hardly even traded on the ASX.

EL