throwing stones, page-28

Kentwang and Pinto,

I did not mentioned the spirit of the law, only the letter. Although I am not a lawyer it seems to me that the notion of associate exists for the purpose of making the whole process transparent. Compulsory buying of shares is a violence, actually it is an expropriation and although the law goes with it, as it should, it attempts to make the whole process TRANSPARENT and FAIR for the minority shareholders. In my opinion, what the law does not want is A and B working together without anybody except themselves knowing. Therefore, what I expect to hear from FML is that the whole process was transparent and therefore that it was not in violation of the spirit of the law. But again, as I have said before, I am not a lawyer.

In the case of Bowen Energy the matter went to the Panel twice, 2 independent studies by two different experts were ordered and the company six months later on is still listed on the ASX.