Ann: Investor Update, page-17

Is the significant legal investment in shareholder interest, or the interest of past/current directors?

What would be the argument to be in shareholder interest given the company has written off Morila and could otherwise be returning that cash to shareholders?

That there could be contamination that impacted LLL if FFX doesn’t sort this all out? Or that the escrowed shares are at risk because of a piercing of the corporate veil? Some other argument I’m overlooking?

If either of those, how did the accomplished and experienced African mining expert directors that have directed this company get into this situation?