EXU shareholders are now the mere pawns in this dangerous...

EXU shareholders are now the mere pawns in this dangerous mélange of competing interests across 3 companies, their directors, management and shareholders .
By deferring the Alkane EGM decision to the closing date of the Ramelius offer the EXU directors have successfully minimized the total acceptance to the 1RMS for 4 EXU offer .
Will Ramelius directors do the right thing by their shareholders and exercise now the ' prescribed occurrence'- under Section 652C of the Corporations Act- trigger available to them arising from the EXU agreement with Alkane to issue options over EXU shares and prospectively shares [ at an EGM]?
Or will Ramelius directors elect to withdraw the bid - arising from the above Section 652C occurrence and as the Act allows- on Friday 28 December? .
Or will Ramelius directors elect to keep the EXU acceptances...despite the placement to Alkane....believing that it gives Ramelius more negotiating power with the emerging Explauraum plenipotentary Mr Ian Gandel ?
As to the shareholders.............who cares!
Ramelius shareholders have got a dividend policy - of sorts- and Explaurum shareholders well they are getting an independent expert report !
Personally, I'm hoping that Alkane  gets to spend its money to prove up or otherwise the feasibilty of the Tampia prospect . With a banking feasibility study in hand - sometime in mid 2019- Ramelius should be financially stronger, the options concerning expansion of Edna May resolved and the propensity of Mr Gandel to do a deal more likely. Hopefully by then no plan Lawton will have marched out of the EXU boardroom.
Ramelius could show some much needed resolution and faith with their own shareholders by withdrawing the bid now.