AkaYou said:Satori as I said to Coal King why would they bother...

Aka

You said:
Satori as I said to Coal King why would they bother ? 50% plus 1 share will do - sack the board secure 100% offtake at mining cost plus 5% - deduct 5% for admin and directors fees and watch the S/P slide into oblivion - why buy 100% when you dont need it ?
______

So the Fe price is $130 and they secure it at $80 and there is nothing minority shareholders can do?

Leave aside that no one has control. What about the liability directors would face for failing to act in the interests of all shareholders? What about the Oppression remedies available to minority shareholders within the Corporations Act? I could go on and list more problems if you like, but whats the point. Your scenario has no credibility.