Ithaca vote18 Apr 2017 16:01
So 2 weeks to go to 20Apr (final voting day) .. current offer Can $ 1.95 = 1.16 GBP, the revised offer IMHO needs to be 2.15 Can$ minimum (1.28 GBP) but could be up to 2.35Can$ = 1.40 GBP.
A revised offer will come and the 10 day extension will be used for shareholders t accept.
IAE easily worth 1.20 to 1.25 GBP now with POO at $54.75 and worth more when future value of op cost, norpipe, new drills, higher POO considered by end of Q2/early Jul17)
IAE is a steal at the current (insulting) offer and the board are colluding and complicit in this low ball bid (having some (extra)verbal agreement in place more than likely post acquisition)