An enlarged Board post-merger often results in directors falling...

An enlarged Board post-merger often results in directors falling by the wayside so is unlikely be something they would instigate themselves. The Board have too much of a comfy set-up here drawing large salaries paid for by shareholders.

With Smokey Hills more of a liability than an asset PLA is unlikely to be in the list of M&A contenders anyway. The most likely corporate activity on the horizon here is administration.