Ann: RECEIPT OF SHAREHOLDER SECTION 249D NOTICE, page-57

If it is as simple as MZ's parent wanting security of supply they might think of 'exchanging' more or all of MZ's assets for a highly favourable offtake agreement with IMA. Also,IMA have the best people to rapidly revive Mindarie.

Both United States's and Chinese controlled entities, from experience, don't have an approach to dividends acceptable to most Australian investors in mining shares.

Again, both countries have provided examples of muscular parents manipulating overseas subsidiaries into unseemly or bullying behaviour.
The material amount of institutional investment in IMA may have an influence on restraining that.

Against de facto take over of board policy by legalistic stealth.

Need fuller picture but 'back is up'.