Ann: DVP: DVP & ESS Transformational Transaction, page-166

any new bidder seriously wanting to control ESS ground will gather their 20% as cheap as possible and then offer +70c for the remaining 40%. If accepted, DVP will also sell into the offer as will not want a minority shareholding, MIN also. New bidder ends up with 100%. It is still possible, just needs another company who really wants the massive potential of this ground...