Hey JB, don’t sweat this stuff mate.
I spent a few hours the other day looking through the FIRB announcement dated 23rd March, executed 29th March, Tianqi’ initial application was place 27th of November 2019 from memory, so I’m a little lost at times with your commentary.
Yes there are some holes in the entire process but that is to be expected is these unprecedented times, the rules are being rewritten as we speak.
Regardless of the above I think the guidelines are pretty clear, broach the 10% and expect a seat on the board is not going to happen. I suspect this is the unofficial, but ultimately official stance at this stage in time.
Wish you well mate, you’re a smart cookie but you are reading this like a Stephen King novel.
GLTA.
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