They probably could. However, under a takeover situation they would probably have to pay a higher price. Therefore, a sort of catch twentytwo situation, its undervalued at current price but they could never get 100% of it for the current price.
They control the joint venture now. I suspect they would want to find what further exploration would bring before they would consider increasing their investment.
Regards
SP
why not takeover aed by the chinese, page-4
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