MNS magnis energy technologies ltd

Is this incorrect or misleading or am I confused?, page-4

  1. 19,392 Posts.
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    Hi enoonmai

    From the MDA announcement "5% free carried shareholding in the Project for the Government of Tanzania. "

    So the govt has a 5% shareholding in the project, sounds like they own 5% to me, so how can we claim to own 100%, whether they have voting rights is irrelevant to ownership.

    Thanks
 
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