Ann: Scheme of Arrangement and Demerger, page-46

I hold around 3m GBG shares.

Since Ansteel/Angang is not voting on the acquisition (they will be voting on the demerger, but both the acquisition and the demerger needs to pass before scheme implementation), my vote will count for about 0.33% and I will vote NO for both.

I'm fully in favor of calling a meeting, sacking the board, and replacing it with a new one. If any such vote comes up, fellow shareholders can count on 3m votes from me.

This is a blatant case of the board and management of an ASX listed company, colluding with a specific minority shareholder, to deprive all the other shareholders of valuable property at an unfair price.

As other astute HC posters have already mentioned, management has kept shareholders in the dark and deliberately downplayed the value of Karara as much as they can for a long time.

If any shareholder class action lawsuits in corporate law or equity comes out of this, count me in as well!