Ann: Rex enters a A$393M Scheme Implementation Deed with MACH, page-106

To add to that I would add for Troff (and stop being a bed wetter). Alternative per the terminator, Arnie) stop being a girly-man. If you don't like it or have the belly for the fight, sell-out take your 44 odd cents and get the flock out of here.

Do you even see the formal offer or a vote in front of you?

I'm betting the independent exporters report will say. Not fair but reasonable.

All I said, as soon as the ASX announcement came out was wait to see what details emerge.
What I do intuit, is this posited and some stated directly here is, the bigger Retail holders do not wat the price offered they want something even a little better (to start with). Let's say sweeted by script for R/O tax relief or something to get us the tax credits for cost's we've put into drilling up Stage 1 & Stage 2.

Have you even seen what the Cu price outlook from Fitch was today. It's in the Australian in * spot. I was around to see MIM sold from Australian hands into Glencore and WMC into BHP.
Boy did they get great deals. Currently a Drovers Dog can see where the Cu price is headed. It's just as likely Tricky Dicky is shopping it about to get some movement.

All IMVHO.