MP cannot stop sale

I REFER to your report “Kikala pushing for Porgera mine review’’ (Nov 30).
While I welcome the move and support the freeze on the proposed 5% sale of shares held by MRE to Barrick (PNG), I doubt any MP can prevent that transaction from going ahead.
The MP, Philip Kikala, is not one of the main shareholders and, therefore, does not have the clout to stop the deal.
If I were the MP, I would bid for the shares in the stock market.
Why limit to 5% when one can buy more in the market?

 
John Ondalane
Via email