railway deposit sold at the bottom, page-21

Is it possible the said "scheme of arrangement" is one in which we as shareholders may not actually see the cash at this time, in other words, the re-org (whatever that may entail) could well be more than satisfactory to be accepted and voted for. I'm thinking along the lines of all other assets (ex Railway of course) are merged into a new coy in which existing SH will recieve 1 for 1 for every existing UMC share owned. For all we know, the likes of Mt Robo, combined with Jumbo, Forth North, etc, etc are of a quality holding in totality comparitive and possibly superior to simply Railway. Remember, management have shared very little for Mt Robo and others for that matter! - So, we could end up with some very decent deposits with +$200mill in th kitty to play with. Yes, hard to see them outlining any assays this late in the game as part of the scheme however anythings possible with this mob, they would simply conjour up some fancy way of describing at to why they had been with-holding results up until now. And in any case, if the scheme and results are any good then whose is going to question their disclosure responsibilities for the past year anyways.

Or, am I way off mark, scheme of arrangements don't/can't work this way, and I should just expect to recieve a cheque from BHP and be done with. - Surely this cannot be the case.

Just thinking along different lines here because thus far none of this s#$t presently makes much sense.