From my experience, shareholder surveys early on in the Scheme,...

From my experience, shareholder surveys early on in the Scheme, and again before the vote, are all part of a due process set in motion by the BOD at the beginning. Think about the BOD's legal responsibilities to act on behalf of all shareholders, then think about not spending a few dollars to make sure they tick the box of "continuous communication with all shareholders via multiple releasees and seeking feedback via multiple phone surveys".

There are understandably many not happy with 50c given expectations from the BOD and others last year, some non-holding agitators and others don't want to see the TO voted down and shares into mid-20's. Of course BOD is supportive of 50c and moving forward with the TO they hitched their wagon to, but reality is relatively simple imo. Dome North is no Kathleen Valley, last year's valuations are ancient history. Min Res has enormous synergies with Mt Marion 90km up the road, so if they don;t see enough value worth chasing higher, no surprise the market won't either.

Not that it isn;t worth more or Tianqi wouldn;t sweeten the pot if they had to... but do they? More the point, if no other bid emerges Tianqi might even think they are the ones over-paying, and maybe the smart play is walk away and come back cheaper after the share price has been smashed if the Scheme is voted down. Look up Gascoyne gold's history after knocking back a Westgold TO... hero's to zero (almost).