Westgold (then part of MLX) sold Chunderloo to RNI in 2015 in...

Westgold (then part of MLX) sold Chunderloo to RNI in 2015 in exchange for RNI issuing it with 25m then shares at 1.5c. The completion of that sale depended on passing good title. There was a dispute over title (other tenements too) which was finalised in favour of MLX/WGX in the Warden's Court last year. The deal over Chunderloo had no 1st right of refusal clause over all of RNI's tenements. That created right was part of the Fortnum sale which was a separate and independent Resolution to that of Chunderloo.

Therefore, the sale of the Ch titles had nothing to do with a 1st ror, and yet when this 'new' deal was recently announced it was stated that WGX was giving up its right. Is that why this old contract was dressed up as if new? To make it look as if it as if the release was part of the consideration for the 'new' sale/purchase?

Imo, WGX dropped the 1st ror for another reason. It did not have to drop it, so why do it? The right has value to WGX. The right is an encumbrance for RNI, and may have lowered the value of RNI's assets. If that last point is valid, then the release has increased the value of RNI's assets. RNI is taking the necessary steps to clean up the legacy issues associated with the tenement base so that the value of the assets can be enhanced.

Although WGX has the gold rights over Forrest - Wodger-Big Billy, which would assist WGX financially and provide feed for its Fortnum plant if the areas were mined, it might also want to tie up the rights to the gold in all of the other RNI tenements - Cashmans, Morcks Well, Horseshoe and maybe even Doolgunna. Wanting any gold from Doolgunna would surely compete with SFR's desire to get it. That would stuff SFR right up if WGX and RNI entered in to a deal re all of RNI's tenements. Such a deal would see WGX aiding RNI financially so that it could better explore its tenements.

See where I'm headed?