against the sdl merger, page-47

i just want to clarify something.


1. THERES NO TAKEOVER. it is a merger. the fact that SDL shareholders as a group will have a larger stake in the merged company means nothing. the timing of the ann being many months before the actual transaction gives GBG shareholders plenty of time to position themselves with more shares, wether it be buying SDL, and i suiggest many long term holders have already started accumulating.


2. this is a done deal. individually you dont hold enough shares to make a difference. Major stakeholders and Management of both companies approve this deal which is why the MERGER will definately take place.
If you dont agree, dont stick around till the meetings next year, sell out now and invest elsewhere. Alternatively if you want to be part of the next big thing, keep your shares, enjoy the ride and in 5 years time you'll say what was all that fuss about.


3. SDL's reserves are far greater than GBG's entire 3 sites. this will be confirmed shortly.


4. SDL operating cost's are estimated at AUD17.70/t
compared to GBG Mungada AUD42.36/t


5. both companies in their own right would have been big, too big for george to handle seperately, but he is smart man, he holds a fair wack of both companies, i can't see the man shooting himself in the foot? the merger has to be good for both shareholders as he is a shareholder of both :)


IMO the reward far outweighs the risk. i could well be wrong but its as good a punt as i've ever seen.
good luck to those who hold on for the ride.