Ann: Havilah Secures Funding of up to $100M from GFG Alliance, page-100

No argument from me @Clark888 as I don't need an Independent Experts report to tell me this is both a Dud Deal and an attempt to gain control of the company and its assets. I think it should be treated as a takeover offer for 51% of the company and called so. At the very least, the terms of next $50m component needs to be scrapped as well given by that stage it will be under the control of Gupta/Simec and he would not be able to get those conditions through at that stage without this "prior approval". It would be a conflict of interest in my opinion and unlikely to be approved by minority holders.

Just a question for someone to answer (anyone) "Have you ever seen an independent Experts report that does not agree with the brief when both sets of Directors agree ?" .... it is all in the wording !