Ann: Merger Update, page-14

I doubt they'd want much to change until the scheme is completed, since any price differentials could skew the plan???

Will be very interested in the quartlery, to see what they are paying themselves... costs MUST come down, and through wages is about they only thing they can cap. Will be interesting to see.

I cant somehow see the IO position being profitable unless there is a dramatic change in IO price or drop to the dollar. Highly unlikely in my view.

I guess to add further annoyance I'd held far more TRF than IFE in an attempt to move away from potential IO price reliance, and yet through the merger end up in the same boat (1:1 share allocation).

Many could have beens .... really cant see any improvement until post merger, give it some time, see what OGX does etc ... but funds are v low....