Ann: Unsolicited offer to acquire Australian coal assets Update 1, page-4

Can someone please explain to me how management can have the nerve to put out an announcement last month stating that the Mongolian assets have a NPV of $400m, then turn around and consider a deal for all the Australian assess for $22.5m??

I can't understand what the hell is happening with the Mongolian coal sales, or lack of them. If these guys don't get sales happening asap, they will go out the back door. I just don't get much of a sense of urgency from this mob. Have they already thrown in the towel?