afr today, page-48

Go Cathay! I'd happily take their revised bid any day now, than having my holdings diluted at these prices and risk having to wait another 6 months for a glimmering hope that management would turn DML around...

All, I'm not too familiar with the previous $1.70 bid, but why wasn't it brought to a vote with the shareholders? I think that regardless of what management thinks, the SHs have the right to decide whether they'll accept or not.. I think management just had a deep conflict of interest - fearing they'd lose their job if CF became the new owner.