please don't take the following as advise as it is not.
I believe it needs plus 50% of the vote.
It does need FIRB approval I believe as Shandong is partly a SOE(State Owned Enterprise)and there are mining leases involved.
If our Chairman is up to it he may want to look at the Minmetals take over that had conditions attached to the FIRB approval. They retain Australian Management. Head office is to be in X and he may wish to add a few more. Maybe, that the Chairman be an Australian Independent with a continuing majority of Australian independent Directors.
This may appease shareholders on the 51%.
FML Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
