Ann: Golden Eagle SW Exploration Update, page-12

Well it's complicated until they get to 90% in which case it can be compulsorily acquired and it's game over.

The reality is that a controlling interest of shares could be bought by using IMC and a small number of others. Then there's no immediate prospect of the remaining "other" 45-odd-percent blocking the march up to 90%.

Lots of people would accept the offer, and the buyer could also be snapping up shares on market like OZL did to AVB.