Ann: Shareholder Update, page-242

Of course they are and quite rightly so, they should ensure that correct due legal process is followed.

However the Corporations act 2001 is quite specific in shareholders rights and these must be observed. It honestly will not be that difficult to arrange a JP in each city and express post documents around for signing en masse if it gets to that. A judge will not look kindly with unnecessary delaying tactics.

The current board have a lot riding on this too it must be said.

Scott Lowe - Scott is pretty much staking his reputation on pulling off a successful deal. He needs to, given they are spending around $2m per quarter on legal and advisor fees. No deal, then all this money has been wasted. A deal proposed but rejected by holders the same waste of money. For Scott he will come out smelling of roses, or smelling of the stuff you feed roses.

Non-Executive Directors - Given the destruction of shareholders’ equity during their tenure, the last thing they want is fresh eyes looking into what occurred. A sale of FFX would mean the fiasco is closed. As an example, they sold LLL shares for a $7m loss, which would now be a $12m gain, a $19m difference, when they did not need to sell the shares given they had over $20m in cash on hand.

It is in all our interests to have a deal proposed at a premium to LLL market value. An LLL re-rate will be more than welcomed by me for one.

The current share price is likely being capped by any potential bidder, to limit the price they need to pay us. We should also expect LLL share price to adjust to any offer made, like the Liontown (LTR) offer. Their share price has not traded below the offer price of $2.50 since the day of the offer and has traded as much as 28% above this.

Would you accept an offer if the LLL share price trades higher than the offer price?

Van Eck will throw retail holders under a truck.

Whether or not a 249d is served, no one is going to vote against their own best interests.