I'm tempted to go long on ARQ at these prices. Can get 90%...

I'm tempted to go long on ARQ at these prices. Can get 90% gearing via Macquarie Prime. I am concerned though that AZA merger will take longer to finalise than we are hoping.
If ARQ can't get full control they intend to go to plan B and acquire 53% shareholder Anzon UK. That will give them effective control and can make another full tilt at AZA later. Markets don't like uncertainty and think that ARQ won't be properly rated until AZA merger issue completely finalised.