And another reason Smart Win cannot be held responsible for the exclusion of the $1.1 billion "asset" is that Malcolm himself said several times he believed Empire had fulfilled all the conditions required for the new exploration licence e.g. in PR dated 25 September 2009:
Empire believes its past performance of meeting or exceeding the work requirements of SEL 13/98 should automatically qualify it to meet the requirement of the new license. The application is for the entire acreage included in the current Special Exploration License 13/98 (approximately 15,000 sq. km.) where Empire intends to resume its planned drilling program on the identified structures in the Tasmanian Basin
By his own words his quarrel must be with MRT and not Smart Win.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.