Agreed.
As per the scheme of arrangement, the "no-shop, no-talk" prohibits them from approaching MIN without incurring this fee.
It would be up to MIN to approach management, but so far all communications have been on-market.
The real kicker here is TLEA. They must know the scheme will get voted down now.
The question is, will they walk, or will they offer us more?
The ball is in TLEA's court.
Ann: Mineral Resources Shareholding in Essential Metals, page-15
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