Mainy66 if there is another party interested in a takeover or scheme of arrangement it might be easier for them to help this one fail first (by helping get a 25% blocking stake together - they don't have to hold the whole 25% there just has to be 25% opposed) rather than have to deal with all the lock-out clauses in the current Scheme Implementation Deed.
If this one fails then access to the data room opens up and there would be a chance to see work that has been done on draft integrated definitive feasibility studies - so the other interested party (if there is one) would be flying less blind.
You've been watching the broker buying via @brokerASX - perhaps CLSA and others might be accumulating blocking shares for a blocking stake.
KDR Price at posting:
$1.90 Sentiment: Hold Disclosure: Held
