don't look back, page-63

Rio does have that stake to block compulsory acquisition. however everyone has a price. If a Cameco or Areva where to make a bid, and RIO's team decided that it was fairly valued, regardless of the size and convenience of RS, then RIO would accept. They do have a lot of debt and it would be a way of lightening that load.

However, for a bid like this to go through, it would need KAH And even POLO's approval.

So, if RIO's team decided that it was not fairly valued, then they could launch a counter offer which of course would have to be supported by EXT and POLO as it would be at a higher price. Hence the auction starts.

The other scenario is if there is only RIO in the race. They will find funding somehow and negotiate with KAH and POLO until they reach an agreement. Either way, everyone has a price and for this reason a stalemate will not occur