REE Market Competiton Changes, page-14

Its all regulated in Australia.
Ive requoted what you need to read below and linked it. Followed by another company given this approach, discussed on HC.
I doubt this law can be rewritten in any subagreement. But Ill check with the ASX and ASIC Monday.
Otherwise we are securely protected from take over here from Shenghe as theyd need 95% acceptance of their offer.
I suspect they know this. Yet still interested in the project. Which suggests their interest in the project may outweigh any immediate desire to take it over.
To me they have two options;
1) Buy on market when they can (supporting the share price)
2) Make us an offer and if they get 95% holding approval its all  theirs.
Thank god for Australian laws


http://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=panel_process/summary_of_takeover_provisions_in_australia.htm
Compulsory acquisitionA bidder under a takeover bid11 may compulsorily acquire any remaining securities in the bid class if during, or at the end of, the offer period, the bidder and their associates have:relevant interests in at least 90% (by number) of the securities in the bid class andacquired at least 75% (by number) of the securities that the bidder offered to acquire under the bid.Ch 6A sets out the requirements for any compulsory acquisition process.

https://hotcopper.com.au/threads/in-the-event-of-a-takeover-offer.2519426/