timingthe PR says they mail the notice to shareholders in mid-october and then market the offering for 2 weeks, and then the shareholder vote will before the end of november
therefore (assuming success in marketing) during that middle period between the end of marketing and the final shareholder approval, the price should trade at close to the 60 cent valuation or else anyone buying the offering would be better to buy "old" westaim shares in the market. so my guess is that we see prices stay where they are, slowly rising in anticipation of success, and then hold around 50 cents during november until consummation.
the pro-forma P/E of the final new company is only 6, so there's room for improvement