Project partnerships are fairly normal business arrangements. Tenders are formally announced, potential interested parties shortlisted, and the data room opened up for due diligence to be carried out.
The FID smoking gun feels different. I get bizarre impressions of a Raymond Chandler detective novel. Raincoat, clandestine, sultry, buxom, lipstick, stolen kisses in the shadows...
Back to grim reality... I don't see obvious evidence of significant shareholdings that could block a TO, whether hostile or friendly. The total Board shareholdings is less than 10%. Similarly in the case of any of the other Top 20 shareholders. The gate is unlatched, and the door is slightly ajar.
Ann: Investor Presentation SA Exploration and Mining Conference, page-46
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