This is just delaying the Forge meeting. If the deal gets the YES vote at Lynas I can't see an updated Forge Notice of meeting having a material effect on the vote there. As a number of posters have stated on this forum that's why they're buying a hedge into FRG anyway, because they know that's where the assets are going and they are willing to pay Nic handsomely to be in on the ride. I'm guessing most FRG shareholders know Nic will be getting a big bonus.
What this does tell Nic is that ASIC is 'interested' in his dealings. It also puts paid to the assertion in the LYC document that the board is only putting the deal to the shareholder vote, because there is no conflict of interest and it's only really being done out of the goodness of their collective heart because of their commitment to good corporate governance.
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