Ann: Central Tanami Project, page-31

Mr Poker, contracts are not agreed to for the sake of it, It is an agreement between the parties. I am not going to argue for and against as I don't know whats in the agreement, there may be a get out clause, but this does seem strange it would allow being gazumped. Contacts and HOA's are the end to negotiations and confirm intent, otherwise why would you sign a contract that means competition is still open???????? Again maybe that's what the contract says. Doubt it though.

I am not taking one side or the other, however but someone needs to explain the HOA and actions after that being NST deal and how it arose after HOA. And one party will proceed as they wish and another will not.

I do not subscribe to the fact that a better deal simply provided any business the right to back out of an agreement and I don't think any company would be stupid enough to sign an HOA, announce it to the market and the HOA intent means nothing. theres an argument, it shouldn't hit the courts, but let me tell you if MLX can contest and the courts agree....time is on both NST and MLX side. Wonder how TAM SH's and TAM BOD will feel about this just simply being dragged out.

I wouldn't like to be a TAM BOD right now, they will reach a stalemate and god knows when it will be heard and a decision made! Appeals, etc. I do hope for one thing that MLX do stick their heels in and drag this out within their legal rights win, lose or draw. Its going to force people to the table quickly, more TAM than anyone else while the other two just get on with business and can simply suit themselves. If anyone thinks TAM have done the right thing, it should have been done properly before any HOA was signed and released to market. All IMHO. SH's will be very angry IMHO, all on basis of acting after the event. Could have been handled much better and well within proper governance. All IMHO.