Details of cap raise, page-11

So let's assume joint venture talks went south, Anglo were selling on market pre HM3 announcement down to 14.65% and OGX choose to raise exclusively to current holders(?) while announcing HM3 (hopefully positive results). Would this make it Harder/more expensive for Anglo to built to a controlling share (hostile take over) position? One company is being very strategic and I'm not sure if it's us or them. Still comes down to HM3 results and longterm feed to the mill I guess.