Ann: Quarterly Activities Report and Appendix 5B Sep 2023, page-49

But post merger you will own unless you sell Lewis.
What you’re saying is kind of like you don’t care how much they beat up your Melbourne Cup prospect or add weights to it’s saddlecloth before your syndicate buys into it.

Yet I think both managements have a duty of care to see that the ‘horse’ presents in best condition for the race to come.
And I continue to believe that RCF agreeing to this ratio is a positive sign that it is a good deal for others too.