Ann: Supplementary Bidder's Statement, page-28

Even if the whole 24mill traded so far today went to ibaera, they'd still be under 30%.
Few more weeks etc to go but as they're playing the tough (ie best and final offer etc)......will be a slog for them to get 60-70% unless they convince some big holders.

I have no issue with them putting their people on the board, helping drive development of the resource further and then selling out of the whole project at a higher value in 1-2yrs to a mine constructor or operator. I say bring it on.