Agreed that jane's offer likely to be over-tendered and this thing may drift lower post mini-tender.

Given the company's apparent combative nature, the shrinking of the pool and the stated uncertainty regarding the timing of dividend resumption , I'm tendering a chunk.  My cost base is fairly modest and this situation has become so messy .  I don't suppose I'm the only one.  

Tough to see it rocketing north of $5 with the question marks.