ROC sp is high because some holders have hope of a higher bid...

ROC sp is high because some holders have hope of a higher bid than Horizon's. It's possible but unlikely. I note that ROC's statement after the recent shareholder meeting is positive about the merger with Horizon going ahead and they are in the best position to make that judgement. So my view is that Horizon is a buy with sp target .38 in the short term and I am selling my ROC, i already hold Horizon. I could be wrong - just my view.