Ann: Litigation Proceedings Commenced by Sandfire Resources, page-24

This is a storm in a tea cup.

The last CR was towards the end of last year, Nov 2019. Why has it taken all this time for SFR to come at ADT about this? Granted it may have been discussed privately but why now and not many months ago when they should have known that some how they feel they missed out on 4mill shares as part of the deed.

Timing is everything here, remove director then throw a curve ball at ADT to unsettle investors and as already mentioned by posters, manipulate the SP down.

Wether this is a genuine claim or not it seems to be about creating some uncertainty. Realistically however the dispute seems to be over 4 mill shares that they should have been able to purchase at the previous CR price. If it was the last CR at $1 then they are basically saying we want 4mill shares which they would have to pay $4mill for. This would effectively amount to a $3-4mill windfall for SFR at current SP and in the process upset both shareholders and management.

This is a minor dispute that does not effect ADT and its march towards becoming a producer however it does give an insight into SFR's intentions.