Chairman's letter to shareholders
I am writing to update you on the unsolicited and inadequate takeover offer from Golden Investments.
On 15 January 2019, Golden Investments declared its Offer unconditional and confirmed that there will be no increase in the Offer Price or extension to the Offer Period (which closes next Tuesday, 22 January 2019). REJECT THE OFFER
The Board reiterates its unanimous recommendation that Stanmore Coal shareholders should REJECT the Offer and TAKE NO ACTION.
The Offer is clearly inadequate and does not reflect Stanmore’s strong operating performance, portfolio of high-quality development projects and positive outlook. The Offer substantially undervalues Stanmore shares...