Ann: Change in substantial holding, page-33

I agree with most of your post content. One point of interest would be to consider AGO as fully owned subsidiary or even a JV (controlled by Gina), if necessary, in order to get rights to the port development and keep the accumulated losses for possible future tax credits. I don't think she would like recalcitrant shareholders to dictate to her how to run business.
Bu the way FMG's port capacity is sufficient to handle over 180 Mt/pa, they proved this last quarter.