Ann: Termination agreed with Managing Director, page-30

I increasingly think Fraser & co are angling for a full takeover of the whole company including the LLL shares along with Morila, as per (b) of the payout provision to Lowe triggering a $200K cash payment to him. Triggering performance rights change of control provisions too for the greedy board.

But if its just (a) then imagine the absurdity of selling Morila alone for say $1 and then paying $130K cash to Lowe for this privilege plus a million or so in legal fees to Gilbert+Tobin and even more for the Treadstone commission for the honor of offloading it to benefit Mali (bearing in mind we could simply do nothing with the Morila title deeds and owe nothing, as there are no parent guarantees).

This is corporate fleecing writ large we are witnessing here.