Looks like Odey are in hot competition with IGO on a number of deals recently and don't seem to be managing assets on behalf of them - so can only see them helping push up the offer. They wouldn't be buying on such a small margin to sale price unless they know there is leverage coming.
Just Google Odey Asset Management and IGO
https://www.odey.com/
https://www.copyright link/street-talk/western-areas-shareholder-says-igo-should-up-bid-or-fold-wyloo-joint-venture-20220328-p5a8mv