Ann: First Supplementary Target's Statement, page-2

"Dacian’s Independent Directors, Craig McGown and Sue-Ann Higgins, continue to recommend Dacian Shareholders accept the Offer, in the absence of a superior proposal, and (if the Offer remains at the relevant time) subject to the independent expert concluding the St Barbara Scheme is in the best interests of Genesis Shareholders.Dacian notes that, as at the date of this Supplementary Target’s Statement, no such superior proposal has emergedAndrew Brookes: Dacian’s Independent Directors, Craig McGown and Sue-Ann Higgins, continue to recommend Dacian Shareholders accept the Offer, in the absence of a superior proposal, and (if the Offer remains at the relevant time) subject to the independent expert concluding the St Barbara Scheme is in the best interests of Genesis Shareholders.Dacian notes that, as at the date of this Supplementary Target’s Statement, no such superior proposal has emerged"

Except for one teeny tiny detail, independent directors: DCN holders have for weeks now been able to do better than the offer by selling on the market, (and then buying GMD shares if they so wished). DCN have pulled out the boilerplate text used for offers at a premium.

My opinion: Pretending not to notice the offer has been, for weeks now, at a discount to the market, and therefore not recommendable by definition, is gobsmacking.