While I don't disagree, I can't see the current board remaining...

While I don't disagree, I can't see the current board remaining even if the TO doesn't get up.

I can't see any independent director ever agreeing to any deal on anything other than commercial terms - the risks are just too great as it would be an open and shut case for ASIC. Even a toll deal biased in favour of SLR would still be better than the offer we have right now. Unless SLR can get over 90% (very unlikely) they are going to have to deal with the EGA shareholders on somewhat reasonable terms.