Ann: Norwest Directors Unanimously Recommend MinRes' Revised Offe, page-257

Yes. Directors are legally bound to place the interests of the shareholder above their own interests.

And how many times have you seen that happen in your career at the ASX casino?

That's the rhetorical question. The real question is:

What could have happened to cause the BOD of a wildcat driller to unanimously reverse their advice to shareholders after only a few weeks and a few pips increase in offer price whilst waiting for a company defining delayed drilling campaign to commence?