Correct, and it goes further than just notices to ASX.
Due to their current shareholding level (>20%) they are limited to how much they can buy in any 6 month period (no more than +3%). If they breached this requirement they would be required to launch a takeover bid or enter into a scheme of arrangement.
The following article explains it all pretty well. https://www.minterellison.com/articles/summary-of-australian-takeover-laws
It also explains why AF would not be selling on market or off market to BMM.
Takeover, page-9
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| Open | High | Low | Value | Volume |
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