It may appear that the present 'talks' are attempting to lowball LINC. When the GCL deal goes through, then that may make the sale of Teresa and northern Queensland tenements less of a requirement to meet cash requirements, which may give LINC more bargaining power.
On further upside coking coal will remain desirable and it may pay to keep it until it's proper value can be realized in sale.
Even though the GCL deal is at an extensive MOU, it may have turned the release valve on the pressure to sell Teresa.
It may appear that the present 'talks' are attempting to lowball...
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