Waiting period for news, page-26

The board and management are in flux.
New MD as of a month ago on a ridiculous package for a struggling one mine company.
Chairman standing down at AGM with no successor announced.
2 Glencore board members are there to ensure all spare cash goes to Glencore and nothing else.
Only 1 independent board member left. The Pacific Road board member will have a tense relationship with Glencore since they lost millions in the Glencore rort and are still on a paper loss.
IMHO Glencore will only settle for cash and will attempt to break the company if they think they are going to get shares. They have used the inside knowledge from sitting on the board to smash the company once and can do so again.
On the plus side the orebody is good and they have time to still generate the cash.