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Subject: Companies and Securities Law The failed investment in JV Investor is impacting on AMGLs financial position. Primo Ltd has some money on deposit, and

Subject: Companies and Securities Law

The failed investment in JV Investor is impacting on AMGLs financial position. Primo Ltd has some money on deposit, and so to smooth over the current difficulties at AMGL, Primo makes an unsecured loan of $5 million to AMGL. Have the directors of Primo breached their duty to exercise their powers and discharge their duties in the interests of Primo? Answer in IRAC format.

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