takeover looking unlikely

i notice TIR's S/P drifting lower over the past few sessions.

knowing how much it leaks, i'm reading between the lines that the CSM takeover will not go ahead.

CSM has also been trending down since it announced it was taking a look at TIR and last week, there was news that CSM was facing a legal battle over mining tenements, which i would imagine would put more pressure on them not to undertake any takeover while this was being resolved.

does anyone have any further thoughts or knowledge on this subject?