You're sound like a bit of a dreamer mate. I respect your...

You're sound like a bit of a dreamer mate. I respect your positivity, but I've seen this scenario play out multiple times, and there are always people saying the same thing—that only the "weak hands" will sell and that it won't go for what they see as a perceived discount. Regardless of what you believe the company's worth, a 100% premium to the current share price is very appealing, especially considering KDR got 45%, LRS got 57%, and LTM got 90%.

It's best not to make assumptions about how many crusted on longs there might be. Past experience show that the vast majority just take the money and run.