"...The fact those directors have a stake and have been involved...

"...The fact those directors have a stake and have been involved with a TO bid before, and whether their interests are aligned with company performance and what that means. Your rationale is not rational in this manner...."

I am not going to get involved in a slanging match.
The KBC parcel includes holdings in KBC and HHY (Aurora)

But - if you would gladly swap your YOW shares in a takeover by KBC, you could have accepted KBC shares as consideration. Oh wait, the KBC shares were suspended by ASX for about 18mths, for failure to comply with Listing Rules! Not much good there!
OR
You could accept the Aurora bid, gee and maybe accept HHY units as consideration - gee, oh wait - HHY has been suspended from trading for failure to pay Listing Fees. Not much good there either!