Ann: Bidder's Statement, page-12

The lack of a premium in the proposed LIT bidders statement is a clear indication that this is not a genuine T/O. @R08 AG only offers get out of jail free cards for his mates if the share price falls. He doesnt care about LPD holders IMO.

I must say that $2,500,000 on exploration is impressive without even sinking a hole as is a $620,000 salary for the MD when the company makes a $1,500,000 loss...

Can anyone point out to me how much has been spent on Sileach development?

Lastly, if anyone believes that Mr Griffin does not have a relevant interest in the, oh, 120,000,000 LPD shares as either trustee or chairman of his various interests, they should read:
http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s608.html
http://investors.microfocus.com/corporate-governance/role-of-executive-chairman
In particular :

	Column 1	Column 2	Column 3	Column 4
0	Role_of_a_chairman
1			2.1	Examining all trade investments and major capital expenditure proposed by subsidiary companies and the recommendation to the group board of those which, in a group context, are material either by nature or cost.
2			2.2	Identifying and executing acquisitions and disposals, approving major proposals or bids.
3			2.3	Leading geographic diversification initiatives.
4			2.4	Identifying and executing new business opportunities outside the current core activities.

And if you believe this, it all doesnt matter anyway, because somehow, LPD is already LITs subsidiary...
https://investorintel.com/market-an...tralia-share-price-moves-lepidico-settlement/

The lack of integrity is not becoming of a bespoke MD  IMHO.