AngloGold's future... I was also flipping through AngloGold's current financial situation and these guys are in trouble...their share price has dropped just over 27% in the last year, and they are struggling to develop new mines, I would hazard a guess that MWS is an asset that they need to send a message to shareholders that the company can continue to move foward, because looking at their last few NR's, the company is positioned to shrink. When the asset sale gets voted down AngloGold will be looking at either providing a higher offer, having their 20% diluted, followed by the possibility of bankruptcy where they would have to pay substantially more for MWS anyways. Given their share price depreciation, being diluted will be another hit to AngloGold's share price and will only cause investors to be less likely to invest in AngloGold. From a macro-view acquiring MWS may be a lot bigger for AngloGold than simply gaining a great asset, they really need to show their shareholders they are capable of recovering. In my opinion I think that there is no way AngloGold allows dilution, asset sale voted down followed by a higher offer. At the end of the day MWS would still be a great deal for AngloGold, even if they had to pay twice as much, they tried low-balling, they will be rejected by shareholders, and I think we will receive a higher bid soon after.
Here's an example of the type of trouble AngloGold's facing...though their chart says it all
https://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=150457&sn=Detail&pid=67