Dampier Plutonic Stock, page-15

The fact that Superior be arguing its case for its ownership of dampier plutonic stock, which is controlling equity interest in all of vango/catalyst 52 plutonic dome marymia tenements, in front of wasc around late February 2023 combined with fact that vango/catalyst still have not paid Superior legal fees as ordered by the western australia supreme court back in 2021, to my mind make merger discussions, or any other commercial discussions with van/cyl very difficult, if not impossible until these highly relevant issues cleared up. Catalyst had $17mm cash as of 30sept22 so catalyst could easily pay Superior for its legal fees to rake this issue off the table. The thorny issue is the ownership of the Dampier Plutonic stock...SGI vs. VAN/CYL case get argued before wasc in late February, but wasc decision unlikely before August 2023, if not ever later which push back timeline for merger or commercial arrangement discussions until 3q23 or 4q23. If WASC award ownership of Dampier Plutonic Stock to Superior, then any discussions with van/cyl whatsoever on any topic are superfluous. If WASC award ownership of disputed Stock to vango/catalyst then a negotiation on commercial relationship going forward make sense from Superior perspective in my opinion.