If the rejection is correct then management and board find...

If the rejection is correct then management and board find themselves in a percieved, potential conflict of interest situation many have been alluding to…

RBC and RFC know the details of the Minmetals proposal and claim their proposal is superior
Shareholders know that the Minmetals proposal is firesale status; this has been confirmed by Grant Samuels
Shareholders are desperately looking for a better outcome especially with the improvement in global financial conditions and commodity prices
Management and board have painted themselves into a very murky corner by having a foot in both Oz and Minmetals’ camps; they will have a perceived negative bias (in shareholders eyes) towards their consideration of any new proposal
Shareholders should not be asked to vote on any item without knowing the details; we may know about the Minmetals deal , we do not know the true detail of the RBC deal
It is unacceptable for the Oz board to simply reject the proposal without explanation
Shareholders call on OUR board of management to explain its decision on the new proposal; if the proposal is not superior explain to us where it falls short; if the proposal is in fact superior but maybe not in shareholders best interest, again PLEASE EXPLAIN; ie…. be prepared to stand up and be ACCOUNTABLE!

The board of any company has a responsibility to keep its shareholders fully informed… especially where there is a vote involved