Trelawney Mining and Exploration Inc TWNNF

RE: close to wire

[letsgetready]

if a better offer comes along, you change your vote if you voted yes to a no.

Another offer is unlikely at this stage. this is set up as a plan of arrangement not like a regular takeover bid. if its a no vote, then the plan is over. if IMG still wanted TRR it would have to increase its offer and have another vote.

the arbitragers or other large sahreholders always controlled this outcome. they can pressure IMG if they wish for a higher price. the outcome will depend on how those guys vote at the end of the day. i'm hoping they exert pressure. this all seems to have been awfully easy for IMG and management did a poor job in getting only a small increase on IMG's original offer. imho.