correspondance I received an email from Iain last night. It appears he is in Calgary ahead of the meeting. He confirmed that the 1st bidder's standstill agreement has terminated, but they do not believe this bidder will go hostile. Maybe this first bidder is a company with whom they currently share fields and they already have a close relationship so they may have a good sense of their intentions?? He confirmed the other standstill agreements do not end until September. Of a more interesting note he hinted that they could see being approached again sooner than this. Also I get a real sense from in his emails that management is thinking more about the logic of restarting talks proactively before we become vunerable to a hostile approach. He indicated there would be discussion with the board before the AGM on Thursday. Just my "inference" from recent correspondance.
I think management is equally if not more frustrated by recent events and do hold shareholders in mind when considering the futute of the company. Let us hope the AGM provides realistic discussion about the potential of the company and whether now is or is not the time to put ourselves up for sale?