Would you trust Steve forwards on the email?
He sent me messages without a signature.
1. The situation is that the Australian takeover panel ask the top 3 shareholders to be known as related parties, therefore as they stand to gain, then they (like to very other vote) should be excluded.
2. Time is of the essence as they lose their money for the work they have done, it has nothing to do with shareholder value. Because they have not answers the question, why add a liability with including the asset?
3. No, but they have told us that they are selling for less than the debt, that being said, after this vote, it means there is no debt, so all money should come back to us? If they suggest what the voting says is accurate.
4. The valuation is on an undeveloped basis. I pointed them to the relevant notes that show this, hence the valuation they must use is US$200M. Further, we are semi developed with high spot coal price.
5. You reckon… they don’t want to brush this under the carpet?? Pathetic given I showed them over 100 filthy deeds…
Hope you did not accept this BS!!
They are treating you and us as fools…
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