Ann: REWARD SIGNS EXCLUSIVITY DEED TO ACQUIRE BEYONDIE PROJECT, page-47

True,

Just thinking of Balzams comment regarding ASIC rules

According to ASIC rule:

Shareholders and liquidation

The liquidator’s main duty is to all the company’s creditors. The shareholders will only get paid any return on their shares in an insolvent liquidation after all creditors get paid in full

Isn't it logical that the administrators will want the best/ highest amount of money?
This is where I get confused because it does look very cheap if $400M was spent on the project.
Surely there'd be other higher bids after the exclusivity period.