News: MGV Musgrave Minerals Unanimously Recommends Shareholders Reject Westgold Resources' Offer, page-17

The only people they could toll treat with effectively was GCY who are in C&M … and MGV aren’t ready for mining so how do you stop a takeover bid from 2 other parties … maybe the directors understand the “go it alone” strategy wasn’t viable but just played out the charade to entice a bidder.

With or without the Boards approval this is going to happen … you have 2 bidders with 1 having a good track record of successful takeovers.