why did they fight for it then? exploration expenditure is listed as a liability umm I said a provision for the write off in case they lost the tenement.. re-read what I wrote.. how else do you get an asset out of the balance sheet mate. It's very obvious they would need to provide for the write off. You aren't exactly kicking goals.. Imagine if you bought at 15c? instead you were too busy trying to convince people to sell.
Your undisclosed liability theory is a joke.. ohh they just borrowed 17-19m and forgot to tell anyone about it. Get real.