JDZ Nigeria-Sao Tome e Principe

[brez63]

Walldog0,
The same could have been said about AXC's senior board members. They negotiated, they recommended and their 38% of shares were pledged towards the the 66.6% requirement.

Na, as soon as an acceptable offer is presented to SEO. SEO will contact all his friends to let them know it's time to accept (banks, feltang etc). Then they will come to us with recommendation to accept, with the pledging of their shares. 15% of us will accept for sure (I will be one), because to refuse a $3, 5 or 8 offer will do nothing for the company and our future.

Again, look at Addax. Negotiation started in Jan 09, rumour in June 09, done deal in Aug 09 (9 months cradle to grave).

In ERHE's case, negotiation probably started in Jan 09 as well, now we are at the "waiting on rumours" stage. It's just a question of when does the lit match fall into the pool of gasoline. You can see it, you can feel it, you know what going to happen, you know the inevitability of the bright, loud flash with the overwhelming heat wave....it just didn't happen yet.

Cheers
Brez