A forensic examination into GSLM's finances would indeed be quite revealing IMO. And that appears to be where this is all headed. Bendall has a choice...pay Hunt or face a detailed and investigative look into GSLM covering the past 4 years.
on a side note I think you will find that Bendall issued PR's stating that the $50 million funding was intended for further exploration of the Tasmanian basin and the DRILLING of Bellevue #1 and Thunderbolt #1 exploration wells among other things.