Ann: Mining Commences at Munda Gold Mine, page-37

Risky maybe,BUT IS IT REALLY?
I personally have preferred to buy assets with issues that I know are readily fixed, AT A DISCOUNT.
Lindsay's is $2m Cash and $2m worth of shares and READY TO MINE - likely to be 150 koz plus resource.
I would call that buying at a discount.

RISKY-UNLESS of course if the outstanding issues can be readily resolved before the court hearing to decide on forfeiture.
Seen it happen many times ,the YES we were non-compliant but we have corrected our failings and are NOW COMPLIANT.
Court decides therefore there is "NOT A CURRENT CASE THAT JUSTIFIES ANY FURTHER ACTION BY THE COURT AT THIS TIME".

Mark has said currently 2 of 8? are planked,which means if you were correct and ALL were under forfeiture originally,then 6 of those tenements with issues have had them resolved to date.
The rest may require the court to allow a fixed date for them to be completed,with a court likely then ruling a forfeiture if they are not compliant by that stated date as a likely scenario.
That would probably depend very much on how much effort has already been expended in bringing them up to compliance that can be readily shown to the court.
It could also be a case of waiting on a GOVT DEPT to successfully process appropriate paperwork already in their possession to make them compliant.
Won't see a forfeiture in such a case.
Time will tell.

Mark doesn't seem too worried.
He has his spreadsheet and his planned dates mapped.
Like all plans there is likely a bit of slippage.
With $12m profit from Munda banked I am sure there will be even more ready to mine sites turning up.
If not the $1.7m exploration budget for the next 12 months will probably find something near term.

Regards