Hey Skoonzy, Crimson
I'd suggest reading Accc's rules on compulsory acquisition. It'll save you some stress. In short, while there is risk, it's likely less than you think. Any compulsory acquisition must be in cash. The convertible debt offer is likely pitched to the other chinese shareholders, not aus retail. I summarised accc rule on fair value price for CA in earlier comment, yes if they offer more to others than they must offer at least that to rest of us. At which point if they offer us 7,8,9 cash per share i wouldnt be complaining (5 is crap, 7+ is getting better). At that time Take the money and you can buy whc, nhc or crn to keep your coal exposure.
News: YAL Yankuang Energy Plans To Increase Shareholdings In Yancoal Australia, page-131
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