Ann: Liontown rejects Indicative Proposal from Albemarle, page-287

Thanks for all who've followed my initial post on this matter. I've been looking through The Allens handbook on
takeovers in Australia and found "The initial approach to the target is usually conducted verbally, and followed by a written
confidential, non-binding and indicative proposal. The target generally has no obligation to announce such a proposal - unless it ceases to become confidential – but could decide to do so for strategic reasons."

Here, as the Fin Review suggests, the Board has made a strategic decision to announce. For me that suggests they are willing to sell to Albemarle, and Goyder must be in the mix in the negotiations so he's dictating a price. May he keep up the dictating!