Personally I am not nervous - with the stock trading above 7c the offer is still too low.
Norton seem to be trying to make the argument that value will be diluted if new shares have to be issued to fund the DFS. Compared to some Gold species on the market BAB do not have too many issued IMO. 300M or so on issue is way too early to flag the dilutionary boogey man.
Why take 7c when you can get 7.1 and 7.2 (and most of yesterday 7.3)?
