Ann: Amendments to the Loan Facility and Commitment Agreements, page-8

The directors simply cannot recommend this without potentially being in breach of the Corporations law in my opinion.
The Flinders Mines board is not comprised of a majority of independent directors and therefore cannot recommend this without the directors potentially being in a conflict of interest and therefore potentially a breach of directors duties under the Corporations Law.
This strategy cannot be viewed as positive or beneficial for ANYONE except Todd Corporation.

It is time for ASIC to step in and uphold their Governance responsibilities.

I will be submitting my recommendation and urging them to act in accordance with regulatory obligations this evening.