Ann: Revised Terms on Corporate Transaction with ERM Power, page-29

Spot on Ahjay. Some here have lost sight of the mechanics of the proposal. It really is a get out of EGO's financial jail opportunity.
They seem to think that only EGO has the gas that Alcoa wants. There are other oilers in the Perth Basin that are drilling and discovering commercial quantities of gas and that is in addition to the huge amount of additional new gas that is already flowing down the DBNGP from the NW shelf.

Unfortunately there is a distinct possibility that if this deal is not accepted, ERM many lose patience and flog its interests to whatever bidder is interested and that entity may not be interested in EGO but will sop up all the cheap shares that come onto the market until the take over threshold is reached.
Then what???