From the Fin:
"Chris Ellison’s Mineral Resources has voted its 19.55 per cent stake against IGO and Tianqi’s 50¢ a share bid for lithium junior Essential Metals, flattening out the scheme vote.Mineral Resources boss Chris Ellison. Proxies were 55.8 per cent for the bid and 42.5 per cent against it.MinRes revealed a 19.55 per cent stake in lithium play Essential Metals late on Friday, less than a week before the scheme vote for IGO and Tianqi’s 50c bid on Thursday morning.Its late arrival on Essential’s register sparked speculation if it would use its shareholding to block IGO and Tianqi’s bid and launch a counter bid of its own.Hedge funds have been in and out of the stock since IGO and Tianqi lobbed their bid in early January."
Ann: Mineral Resources Shareholding in Essential Metals, page-146
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