Ann: Rex enters a A$393M Scheme Implementation Deed with MACH, page-146

I'd say so. I'm sure he won't say anything about intending to buy The Hog from MACH and pursue it separately, maybe listed in the US not that I have any evidence of that. Certainly seen it done though, to me, in one of the later big lithium winners, no less.

I don't see Neitettsu can make an offer of Say 48c, comprising cash and 5c worth of the Hog interest + 43 cash by way of a buyback with any franking credits or lax losses they can scrape together. I mean they must have been having to come up with close to that number for their JV share, if fully valued on Stage 1 and half valued for Stage 2. I can only think their balance sheet couldn't support it (without coming up with some questionable behaviour like the one above). I suppose MACH would say no but they could be left as the minor partner with 18% and you'd have to think they would develop the mine from there because they intend to now.

Maybe they still will.

All we need is some argy-bargy not management rolling over like Red Rover and sticking their feet (+/- appendage) in the air.

All IMVHO