Would 15% be sufficient for the size of the JV that's been mooted? I think not. Go to the tape [end of AGM] Ewen stepped out of Chair & gave a very pointed hint. Do folk here know just who is behind Nominee Holdings?
EGM $ cost 10's of thousands - not big in the scheme of things, time 28 days plus prep work. Company cost of White & Black Knight moves - I've seen several gurgled JVs due to premature Partner reveals.
Its human nature to be looking at SP in relation to own holdings. However, folk need to consider down the line ramifications of shoot from the hip actions.
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