Cobalt outcome...Champion trainer Peter Moody says he feels ‘vindicated that we’ve never cheated’ after the Racing Appeals and Disciplinary Board cleared him of the most serious cobalt charge in his long-running case on Wednesday morning.

While Moody was relieved to avoid a minimum three-year disqualification, the RAD Board did find him guilty of the secondary administration charge, but one that doesn’t carry the crippling mandatory penalties.

The key for this outcome is intent - while satisfied the stable caused the cobalt to be in Lidari’ssystem for the Turnbull Stakes in 2014, the RAD Board was not comfortably satisfied it was done for the purpose of affecting performance.

For that reason, Moody was cleared of the most serious charge but instead found guilty of the lesser one, administration of a prohibited substance.

The penalty will reflect that - but whether a suspension and/or fine is imposed, that won’t be known until the RAD Board sits to deliver the punishment at 2.15pm on Thursday.

While still disappointed with the result, Moody felt justified in his fight against the most serious charge.

“I feel, in a way, I’ve been vindicated that we’ve never cheated, we’ve never had to cheat, we’ve been a highly successful racing stable,” Moody said.

“Undoubtedly, some of our practices have been called into question and probably rightly so.

“That’s something I need to address and I didn’t try to hide that fact.

“Maybe I’d been too successful for too long for my own good and hadn’t looked at rectifying practices within my stable which probably wouldn’t have allowed this to happen.

“We didn’t administer cobalt knowingly, or purposefully for (the purpose of) changing the result of a race - we never have, never will.

“Hopefully we can keep on training winners, which we do very well.”

WATCH: Hear from Moody after the verdict was announced

While clearing Moody of the most serious charge, the RAD Board was scathing on some of the stable’s practices.

It didn’t believe the Availa defence - the story about how Lidari was routinely overfed the hoof supplement (which contains cobalt) - describing stable employees Neil Alexander and Rammohan Myala as poor witnesses saying ‘neither was convincing or impressive’.

It didn’t like the inconsistencies between their evidence, and that of Moody and stable vet Dr Peter Angus, as well as the stark contrast between the low cobalt levels of stablemate Brambles, who was supposedly given similar amounts of Availa.

The RAD Board also noted a vitamin injection was given to Lidari the day before the Turnbull Stakes, but Racing Victoria stewards didn’t contend it was the cause of the above threshold (360-410 micrograms per litre of urine, well above the allowed 200) cobalt results.

With no-one really knowing how the cobalt got into Lidari’s system, the stewards contended the ‘vacuum’ should be filled by inference, but the RAD Board wasn’t comfortably satisfied to do so.

“Carelessness or even negligence is not purposeful administration,” the RAD Board found.

“Similarly, mere suspicions are neither direct evidence nor, in this case, evidence from which a persuasive inference can be drawn.

“It is readily apparent from the evidence before us that that there was significant carelessness, for which Mr Moody was responsible, in relation to the operation of his stables.

“This was particularly so in relation to the administration of cobalt, as well as general feeding, supplementation and injection procedures.

“Some of Mr Moody’s answers given in evidence underline this high level of carelessness.”

Moody acknowledged his errors and says procedures around his stable have changed.

“We have put in place, certainly, different measures to try and offset the chance of this happening again but at the end of the day we’re dealing with an animal and we’re dealing with humans and we’re all open to making mistakes,” he said.

“Ultimately, I think a mistake has led to this happening.”

After the verdict was announced, Moody pushed to get a penalty decided as soon as possible.

He wants to put this whole thing behind him as soon as possible.

“This has been 18 months in the making, I think that’s the disappointing aspect of it for racing, not for Peter Moody only, for racing,” he said.

“Racing doesn’t need this - it’s a great sport, it’s a great industry, it’s been great to me and let’s hope it will be for a while yet.”