Ann: Takeover offer - take no action, page-2

I think this from the announcement is unusual

at Ramelius' request, the Explaurum Board met with senior Ramelius executives last week to better understand Ramelius' proposal and to explore the potential benefits of a merger for Explaurum and Ramelius shareholders. Ramelius declined to provide meaningful information and the meeting participants agreed that those discussions would continue. Accordingly, Explaurum is surprised and disappointed that Ramelius has proceeded with its announcement before completing any meaningful engagement;

Why exactly did RMS go hostile so early? Is it because they looked at the results coming out of Mace and decided that they had to act now?