"So, personally, I believe a deal is already agreed in the background, all that is left to do is the announcement...the timing of which can always be relatively "flexible" for management, as long as it's delivered before 30th June."
I realise it is just an opinion of yours, however if TER have agreed and signed on the dotted line, they are required to disclose to the market immediately in accordance with ASX listing rules 3.1. No matter what happens, it will be an interesting few weeks for TER.
https://www.asx.com.au/documents/about/abridged-continuous-disclosure-guide-clean-copy.pdf
Ann: May 2021 Coal Sales Update, page-209
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