Bubsmark, As you state, Phil lost many shares (42m) through...

Bubsmark,

As you state, Phil lost many shares (42m) through OPES, would not been in a good position as MD of RLL with only 5m shares watered down through share consolidation (11:1 ie approx 500k), add funding through equity, dilution and he would have had squat, maybe a few options after the company formed a constitution.

Will be interesting regarding any board changes and his future role with Charge Resources, should it involve the Rincon Salar.

Rincon has been sold for a song, surely there were more buyers out there than a $1 shelf company - Charge Resources Pty Ltd.

Consider SQM for example. Phil spruiked regarding the production patent, and the achievable Lithium % concentrate. Contacts in Bolivia etc etc

RLL was going to use the same Chilean port as SQM - Antofagasta. It would have been very smart acquisition for SQM, given the patent and the fact that the 2 salars are in different countries. The Chilean Government dictate annual production, and number of ponds.

Now, SQM could have acquired RLL in Argentina, a stone throw away, with the cheaper Tax etc etc, deliver through the same port, with the patent.

Off course, at the end of the day SQM may never have been interested.

Won't touch on Potash, but $36.3m is a giveaway. Considering capital expenditure at the salar, there is no profit in the sale.

We should correlate the day www.rinconlithium.com.au hyperlink was withdrawn, and the day Charge Resources Pty Ltd was registered.

One more, after demerger, and conceeded by the board, RLL (PE 25) would have had a larger Market Cap over ADY (PE 8). Ask yourself which was the more valuable asset.

last one, consider an FOI application with the ATO as to whether the demerger had a favourable ruling. That excuse was worn out, it may have expired months ago.

Also, correlate the recent Panopus v ANZ result or "no result" with the day Charge Resources Pty Ltd was registered. I think it was unlikely he was going to receive any of his OPES shares soon. Then again, he may never have received shares, it could have been a Cash amount - doesn't appear settled in any case, would have been difficult to purchase on market.

A chronology table will paint a picture, all the pieces are out there, it's not as if PT kept his ideas to himself.
We may have to work together on this one, an audit trail is out there, need to find it before the fire - a joke.

It maybe the case ADY HAD to sell RINCON - who knows...

Cheers