Ann: Havilah Secures Funding of up to $100M from GFG Alliance, page-47

I was thinking three years down the track after they have forced HAV to spend the funding cash on getting Grants to DFS. Will they pay anything to HAV the company for the Grants resource?
Or with 51% of the voting power and 4 out of the 9 directors on the board, they only need to influence 1 of the other 5 to vote their way and they control every ordinary decision the company makes. Which includes the transactions of assets which are not the 'main undertaking'.

I agree that the asset should have been sold, once GFG proposed this deal it would have been obvious that they needed the iron ore. HAV would have had negotiating power at that point to use against them. Instead, they sold the company for $6 million in cash and three years of job security for management.