the plan is out

The plan is out and if approved you can sell at NTA 20% of holdings at 9th August (could be more to the extent others don't participate).

Thereafter a 10% annual redemption facility.

Stock delists from the ASX.

Some shareholders will sell due to the delisting.

Not much in it for the hedge funds as they can't participate in the first buy back.

Some won't want to wait many years to redeem.

Given the above, I think the share price will sink a little over the next few months, perhaps towards low 60s.

Long term it is a great buy, with the major risk being that it leaves 100% exposure to the mining sector (could be a plus or a minus).