Canaccord Oppose DOCA, page-61

The court session on the 28th will be a good indicator of how things pan out.

From my understanding, Canaccord has to first convince the court that they should be allowed to argue for the termination of the DOCA. Austroid will try to kill the motion at this point. No idea what the Deed Admin will do. I suspect they will let the two opposing groups slog it out.

At the end of the court session, both groups will get a feel of how their arguments performed on the day. This is where some horse trading may begin depending on how each side fared.

Austroid is certainly not in as good a position as they were 12 months ago. They have this court action to deal with, ASIC is asking for a mine review, the price of lithium ore has climbed substantially in the last 12 months, and finally - they still don't have FIRB approval after two attempts with the third pending.

Austroid has demonstrated in the past they are prepared to settle to make the court action go away. I hope this doesn't happen this time around but it's something that could well happen. In any case, the review of the mine's value will still have to be completed.