I don’t know why the govt would be so petty as to do something...

I don’t know why the govt would be so petty as to do something like this unless it has another agenda and that is to attempt to financially punish the lakes board and shareholders. To me it reeks of amateur hour which has been the trade mark of an incompetent administration and its administrators. Lakes at the moment is worth stuff all in the scheme of things but it’s upside is huge. Doing what it has done does not appease or gain any brownie points with the anti fossil fuel lobby and the greens as if the court case was to come down in their favour then these actions would not be necessary. Lakes does not have the funds to finance its projects and I reckon it is unlikely compensation will be paid which the govt probably realises . The only way lakes could finance its projects would be to go back to the shareholders and raise capital a huge amount and dilute the share price further or it could be prepared to consider a take over offer. What better way to try and influence a sale price by trying to write down the assets of the company than by trying to destroy the value of its assets and extracting its revenge on the entire company this way. Fantasy or fiction I have no idea but if you look at the actions of the Andrews govt over a whole range of issues you could possibly draw the conclusion that this is right out of their dirty play handbook . If the court case is going to be in the govts favour then it does not have to do anything. However if its in lakes favour a pathetic attempt at revenge is all that it has but any potential suitor would do its due diligencevand draw its own conclusions.