thanks Bluegoose. Interesting times. There is another option....

thanks Bluegoose. Interesting times. There is another option. Tianqi are buying as much as they can and then will settle for what they get their hands on to act as a blocking stake in future. But they can’t get over 20% without launching a takeover bid , is a scheme arrangement considered the same thing ? If Tianqi really want this would they settle for 20% , I would have thought not. After a failed takeover attempt a bidder cannot simply launch another takeover attempt within a period of time - I think they have to wait 12 months. Not sure what the rules are for scheme arrangements. After a failed scheme arrangement does a bidder also have to wait 12 months ? Scheme arrangement are normally considered “ all or nothing “ - ie if a scheme succeeds they get. 100% if it fails they get 0%. Don’t know if can they then can simply make another takeover attempt if a scheme arrangement has failed, that doesn’t seem right to me considering you can’t with takeovers. Does anyone know ?