I would suggest that the second point aligns nicely with the...

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Haplo

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30/12/23

18:52

Post #: 71670379
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Originally posted by eastwest101 ↑

Yeah - there must be legal/technical/ownership/security of tenure/tax implication land mines laid everywhere here for numerous parties.

I read the pages 15-17 parts where McGrath Nicol are requesting documents from the following:

I'm not familiar with the legalities of this but how would McGrath Nicol enforce any document production requests or do they simply refer it to ASIC to let ASIC request documents? I can't imagine Mike Que for example bein co-operative with any document requests. And surely there would be a parallel investigation in train by the ATO by now? Would also be interesting if McGrath Nicol could serve up a document production notice on Korda Mentha which would capture more pre-4th Dec 2020 stuff, even if McGrath Nichol itself couldn't investigate it would be an elegant way to dump it all on AISC's lap.

And that the possibility of "voidable transactions" might exist post 4th Dec 2020 although I expect there will be quite a high legal hurdle to do this and it wouldn't be fast or cheap to achieve.

Going to be a forensic accountant and a lawyers picnic for a while yet.

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I would suggest that the second point aligns nicely with the offtake agreement that was agreed to. Why would anyone agree to sell spod well below what the market price is? This is likely MIN's main focus to remove that offtake agreement in place.

There is also the settlement agreement that was made between Rowsthorn/Galaxy at the time. The details of the agreement were confidential so what else did it contain besides tenement transfers.

Last edited by Haplo: 30/12/23

A40 Price at posting: 8.2¢ Sentiment: None Disclosure: Held
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