may day may day come in over, page-28

From the Australian Mining Journal article :

"We have had approaches from an awful lot of Chinese steel groups, mining groups who want to be a joint venture partner," Schoer said. "I would think that some of the other groups would not like to take no for an answer, so that leaves us pretty vulnerable."

I can't help feeling that games are being played now.

But I would assume that enough shares are held in friendly hands to rule out any hostile bid being successful. Correct?