Ann: Notice of Annual General Meeting/Proxy Form, page-27

It's really interesting this research.

Ascent Capital is run by GC Steinepreis with a brother, working as a consultant. Its stated aims is to "pursue the reconstruction and recapitalisaiton of existing listed companies, assist in the establishment of new businesses and the listing of new companies on recognised stock exchanges". (see https://www.ascentcapital.com.au)

P Wall was the chairman of Bronson Group which had been placed in administration on 9 June 2016 and suspended from trading on the ASX. The company was dormant in 2017 and 2018. B Phillips and G Durtanovich were the other directors. Wall is a partner of legal firm Steinepreis Paganin whose executive chairman is R Steinepreis, brother of GC Steinepreis. Steinepreis Paganin were also the legal advisers (?) for Bronson. (see https://www.mandrakeresources.com.au/wp-content/uploads/2019/06/44338g8qw6x5tz.pdf)

Bronson entered into a binding agreement on 26 Apr 2019 to acquire Focus Exploration Pty Ltd, which owned 100% of Berinka Pine Creek Gold Project (EL31710). JP Allchurch was along with NC Chalmers and S Rechner were the other shareholders of Focus. Wall would resign and be replaced on the board by JP Allchurch and PN Burke. (G Durtanovich also appears on the names of Focus Exploration directors when applying for the NT Department (see https://industry.nt.gov.au/__data/assets/pdf_file/0012/986736/Focus-1030-01-MMP-exploration-activities-v3.pdf)

Bronson then re-listed on the ASX as Mandrake. The first directors of Mandrake were PN Burke, JP Allchurch, B Phillips and G Durtanovich.

PN Burke is currently an Associate Director of Ascent Capital.

JP Allchurch worked with Ascent Capital for six years.

Unfortunately I don't have access to when a director sells so we don't know what profit (or loss) directors like Wall, Phillips and Durtanovich made. But it appears to be profitable looking at the other companies those associated with Ascent Capital/Steinepreis Paganin were/are involved in. Wall and his entities submitted a Final director's Interest Notice showing 10,305,000 shares and 7,805,000 options at $0.03 expiring 14 July 2022. I understand a portion of those shares/options were from participating in the capital raise of $4,527,838 (226,391,900 shares at $0.03). The records show that Wall was owed $56,100 in director's fees by Bronson (2,805,000 of the 10,305,000 shares) so he appears to have done well from what was a dormant company purchasing the tenement in NT held by a director who worked at his brother's company for six years.