RE:RE:RE:RE:Minutes of Yukon Assembly 44 March 7 2022 19.9% is the highest figure you can own in a company before you have to consolidate the partially-owned company into your own financials. We accountants don't like to consolidate more than we have to since it is a lot of extra work.
If you want to own the company go buy it, if you just want a stake to keep tabs go 10 to 19.9%.
Obviously, RIO is somewhere between kicking the tires and a meaty strategic stake, of course this is by design of the BoD to provide that positive friction we all now are going to be witnessing in the future.
If you are on a sinking ship, find the two billionaires and let them know you have one spot left on the lifeboat and then let the cards fall where they may: NEM has to have the gold and RIO really would like to have the copper. Who wants/needs it more?!