nice try, page-2

Luckydog,

Whats you're cost price by any chance close to $3.50?

I can't see how anyone whose reasonable about this stock, rather than dictated by emotion would not take this offer.

You're alternatives are these:

1. Hope for a higher offer, in the absence of one accept $2.50 cash.
2. Reject the offer, share price returns to circa $1.

At 1$ to get back to 4$ you're going to have to have a 400% increase. On what planet do you think that is going to happen? Even if it does it certainly can't happen in the short to medium term.

Surely then it would make financial sense to take the 1.50 premium you're getting and invest that high capital base in to other stocks (like BHP etc) which will give you a much higher probability of making 50-100% gains over the next 2 years.

You're making back 1.50$ of you're loss in 3 months. You then take that money and re-invest to go higher. Thats how you make back your loss, not by waiting out in some vain hope of a higher rival bid.

Thats my intention. Just think it through!