Speculation mounts re Sirius' Independence, page-190

Share price is not exactly conducive to a merger with IGO, similarly no other suitors at this stage.
As JLB has astutely noted price movements & volumes of both companies are closely aligned, which tends to point to the SP being manipulated.
Logically one would have to expect a higher price in both companies closer to the end of August, then again we are talking about the ASX where logic is taken over by emotion of the day and sound business sense is thrown to the wind.
Presumably nobody is completing paperwork for the merger until a realistic SP is seen again