takeover timing

Hi guys,

I posted this earlier but didnt get a response:

I agree that a t/o is a strong possibility for RES, however i'm not sure when this would be likley (i.e the timing).

Based on past t/o's what's the "norm" in terms of timing? (i.e. would it be likely to be prior to funding or post funding has been secured (which would reduce the risk for the buyer), prior to production or post commencement of production) if the latter it means t/o is not likely until 2013.

Anyone have any knowledge on takeovers?