Document just says "current proposal is final". In my opinion, all that means is the scheme of arrangement won't be altered. I don't think it precludes them from trying to acquire GBG by another means.
As far as I am concerned, this is good news for non Ansteel GBG shareholders. The mine is currently significantly cash flow positive, based on the undefendent expert's report on cost per tonne and steady production rates.
The statement is a form of desperation trying to strong arm shareholders into accepting an offer that may well not be in their best interests, only time will tell.
Hopefully this whole saga puts KML and it's financials under more scrutiny.
GBG Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
