4.85 cash offer, page-3

i used to be a s/h of GCL - but now i just watch with interest.
I think Noble are not expecting to receive many acceptances of their t/o offer.
the reason they made the offer is to open up a range of options for them to cause the Whitehaven deal to be stopped - either by the t/o Panel, or by s/h.

If i were a s/h of GCL, i would be SCREAMING that the directors would propose a deal like the the Whitehaven deal, without putting it to s/h first.

The directors are supposed to be acting for the s/h of GCL, so why not give the s/h the opportunity to scrutinise and vote on the deal. How can giving away control of GCL NOT be an issue that s/h should vote on?

good luck.

cheers