@ditch
The definitions of "majority stake" I can find are different. For instance, from Financial Times:
Definition of majority stake or majority interest
A shareholding of more than 50 per cent of a company's equity capital.
http://lexicon.ft.com/Term?term=majority-stake-or-majority-interest
What you're talking about can perhaps be best described as a controlling stake, but not a majority one.
I do hope you're right but, if that is indeed the case, Management should clarify that to the ASX.
Cheers
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