Twiggy / Gina, Wanna Offer? All in opinion: I've been a holder...

Twiggy / Gina, Wanna Offer?

All in opinion:
I've been a holder since early days and remember when GBG started production. My current holding average cost is around 6 times higher than SP. I backed GBG for:
High Grade Iron Ore and Resource
Infrastructure and Rail
Strong Chinese support.
It's Cobalt potential...

In today's market, shouldn't GBG be making a profit selling some the highest IO grade globally?...Since Global IO prices bottomed in April 2016, IO price has been moving up long term. With GBGs High Grade product shouldn't it be fetching a profit from China as a main customer and paying off debt? Isn't that the reason for the partnership and funding? To share the risk and profits to return to shareholders including Aussie and Chinese? Win win? It's disappointing for me to see GBGs SP go so low as the IO market improved then BAM this demerge offer presents itself for GBG shareholders.

Potential Scenarios?
Scenario 1 - NO Vote - Ansteel pays up and increases offer significantly to eventuate to a YES Vote
I'm not giving away my holdings for next to nothing after the patience of waiting for IO markets to significantly improve as profits roll in for Aussie miners...Pay 15-20c per share and I'll consider....

Scenario 2 - NO Vote - Twiggy / Gina / MIN makes counter offer
1. Potential bidder purchases on market to gain position (Just like bidders did with AGO before the TO)
2. Potential bidder makes an offer to take over GBGs holdings and liabilities.
3. Potential Bidder shares ownership
4. Potential bidder blends GBGs highest quality ore with theirs. $$$$$$$$.
5. Potential bidder diversifies Ports from Pilbura Ports to mitigate any weather impacts to IO supply at port.
6. Potential bidder helps in lowering costs to GBG.
7. Could the potential bidder use any Losses carried forward for Tax purposes?

Scenario 3 - Yes Vote
Hope this never happens....Unless deal is much better.....

In summary:
Let's see what Australia's richest miners have to say and whether they see an opportunity here. As soon the SP moves higher than 2.6c will we expect another offer coming?