Ann: Investor presentation, page-407

Ok I'm off with the fairies ?? Really??

Can you tell me then what LGE's strategy is to be sitting on AUZ even if it is costing them nothing as you say? - Why bother doing so? what does that achieve for them ?

AUZ have stated LGE are still in discussion - Why are LGE wasting their management time ? Are you really suggesting LGE are wasting their management time to continue to discuss a revised deal they do not see progressing so they can continue to sit on a dead deal with AUZ because they have nothing invested other than the cost of their management time? Why would they do that?

I'm not for a moment suggesting ultimately a deal will be done, what I am saying is for LGE to be continuing to negotiate they must have a strategy to achieve an end result - they are expending management time and presumably some other costs to either:

(1) Pursue a strategy to get a revised position to advance Sconi on a basis that suits them - my suggestion

(2) They are sitting on Sconi with no other strategy other than it is costing them very little to do so - your suggestion

Which one of those options seems more plausible?

Engaged in a discussion to possibly achieve an end result i.e. option 1 ..... or engaged in a discussion so they can continue to sit on a dead deal with no end strategy other than sitting on a dead deal as it is not costing them much i.e option 2.

in my experience you expend management time, the cost and the lost opportunity of using that management time elsewhere to try achieve a strategic end purpose - some of which might come about some which might not.

You do not expend management time, cost and incur lost opportunity elsewhere with no positive end strategic goal you are aiming to achieve.