re: Ann: Third Supplementary Bidder's Sta... As I understand it 90% is the level for compulsory acquisition of the remaining shares. But at 51% they would have effective control of the company - whether that is a good thing or not I don't know. They couldn't do any worse than current & previous managements.
A good resource still all in the ground for whatever reason. Politics and greed come to mind.
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- Ann: Third Supplementary Bidder's Statement
Ann: Third Supplementary Bidder's Statement , page-11
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
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