Ann: Response to ASX Price Query, page-112

"They would also need to hold 85% of shares to force a takeover"

Phosphate is in the Strategic Minerals list, but not a Critical Mineral (unless I'm mistaken?). May find it difficult for Hebang to launch a takeover sometime down the track. You'd have to be disappointed in the federal govt I'd they let a foreign entity take full control of the largest phosphate asset in Australia. But I guess disappointing people is what govts do best.