I'm actually very happy that we at least have this confirmation and Fortitude haven't lost those titles.
Again, chasing up the validity and expiry of them at the EGM created the necessity for action, as it's quite clear that some HAD lapsed and have only been renewed in March.
Next step is to come to a FAIR arrangement over the monies paid to Fortitude. Mismanagment seems rife there too, as we paid them many million last year, but htey needed a loan in January of $4.2mill (memory?) to help renew some of these leases and organise progress.
Surely the interest only on that 'loan' would be more than enough to go over the 51% ownership required to control Fortitude and feel more security? Come on - where's the good will?
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