I think you miss the point that the big 3 are 3 separate companies with competing interests and priorities and two of them are not in the business of running mines but purely investing in them.
If I was Blackrock why would I collude with the other two when I can hold out for more and vise versa?
I believe that AVB has a lot more to do to prove they can build run and expand this mine before anyone with any sense will be thinking of a takeover, but who knows.
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AGM 26th June 2015, page-307
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