I said in an earlier post I was impressed with the MAK...

I said in an earlier post I was impressed with the MAK announcement on the Darwin port expansion (the Heads of Agreement announcement) but that what counted was when the building started. I don't call that vengeful.

I dislike the idea that MAK could hold up the BON BFS by withholding funding from BON because I am a UCL shareholder.

If you do have other resolutions to be passed at AGM's that have to be passed other than by simple majority in Australia, then I am not surprised many MAKophiles are keeping quiet about this. The 90% target figure is a distraction perhaps from another hitherto unmentioned target figure (e.g. 75%?) that perhaps confers extra benefits of control that you don't have when you only own 50.1%?

Nobody has answered my query whether there are any special benefits of control that are conferred on MAK at any point by Australian company law when a target threshold is crossed between owning 50.1% and 90.1% of BON?

Thanks in advance.