Looks like quite some water yet to flow under the bridge.
Perhaps forlorn, but one would hope the three Australian "independent" Directors do not do minority shareholders over.
It's good that the release acknowledges the 16.61 per cent discount of the proposed 'arrangement'.
If we must be subject to this - I'd way prefer to continue to hold the shares and receive large dividends - then a 30 per cent plus premium to A$6.08 is the absolute minimum that ought be offered (A$7.90/share), and by way of cash. CGT issues then arise, but we won't go broke taking profits.
Most of all I'd hope FIRB blocks the transaction. Perhaps that's fantasy.
Ann: Yancoal response to Yankuang Energy announcement of Potentia, page-3
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