My guess is the original plan was to stall until after December...

My guess is the original plan was to stall until after December as there's no timeline on the writ. Hair brained idea that the market would believe they owned the lithium rights to Mt Holland as an insurance against possible bad drill results which would put options out of the money and lead to an inevitable CR. I can't think of any other logical rationale.

If they thought they had a deal at the time they would understand that it needs to be disclosed to the market. Directors wouldn't have been buying shares......surely and would be well aware of rules & regs that's the giveaway imo....but nothing would surprise me given the turn of events.

Clocks ticking fellows, tick tock