FMG & HPPL will not end up with a minority 3 seats out of 8 on...

FMG & HPPL will not end up with a minority 3 seats out of 8 on the BOD, no way. They will have the combined large majority.
Imagine what the share premium may be if an EGM is called on Monday and no one is a clear winner and Gina doesnt up her bid yet.

Assuming things stay as they are looking right now in that HPPL has 30%. FMG 19.99% non-selling INSTOs 30%, retailers 5% yank bondholders 0% there is a hypothetical scenario that can play out:-
- an EGM is called to spill the current BOD
- the current BOD that were appointed by the yank bondholders are spilled & are now a lame duck
- a proxy battle for the BOD ensues with non aligned INSTOs in control
- likely HPPL & FMG end up with 40%-50% split of the seats with neutrals siding with FMG to avoid a Gina whitewash and the chairman 1 casting vote going to a well known trusted aussie exec neutral like Herb Graham or even KB back again from PLS
- a deal will then be struck to recap/refinance AGO debt and rid us of the yank bondholders poison for good with port berths, rail access and resources split with JV deals or leases with FMG & HPPL where best suited to either
- AGO then remains listed with lower costs no debt and a great new aussie team backed by Hancock and Forrest

win win win
then the multibagger might ensue ... Just a hypothetical scenario,
for now.