For what my utterly non-expert opinion is worth, my understanding is that TPT can in fact withdraw the offer quite simply. They don't need any grounds to do so, they would just have to pay a (relatively small) break fee, and gain approval from ASIC (see 12.13, p71 of the Tangiers Bidder Statement) which, again, I believe, would be a formality. Happy to be corrected...
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