I should have added to this that ERM will already benefit from...

I should have added to this that ERM will already benefit from any rise in the share price with their extra 10% holding. If they agreed to something like this then I would vote for their proposal right now! I would also like to think that the board has weighed up all options (like that of Alcoa) to come up with the current proposal. I'm also thinking that these people under promise & over deliver hence will have some ammo in the pipeline that will get the share price moving before we have the CR. Something in the report maybe?

I know I have mixed emotions & its easy to suggest an ERM conspiracy however I'm not so sure. I also have more confidence after receiving a recent email.
I realise some are upset but lets wait & see the upcoming INDEPENDENT report.

If all of us shareholders had to buy this report in book form ....then I'm sure it would be a best seller