Has anyone read the Offer Document and picked up on 1.1(f) ......

Has anyone read the Offer Document and picked up on 1.1(f) ... "renewal of the Company's major exploration licences, EL1438 (Bolobip) and EL1441 (May River) cannot be guaranteed" - I wonder why - in default of exploration expenditure maybe, too many broken promises to land owners and community stakeholders - every year Dick Tracey makes promises of exploration in these areas - but alas no updates, no results, therefore (IMO) no exploration