What should/will happen to Benjamin Bell with ASIC, page-78

Gong

LGE not miners they are manufacturers and equity investors e.g. QPM and other companies. For example they could no doubt have bought QPM from part of their monthly Petty Cash but they didn't, instead they took an equity investment.

I would anticipate you could liquidate AUZ for Sconi land value, the other AUZ project sale values (Flemington must be worth a bit after the PGM sale) and the current cash balance after the CR and achieve a value in excess of $11.6m so I think the Market Cap at the moment is a bit low but no doubt refective of the markets assessment of the risks of LGE walking away, the BOD's lakluster performance and market concern re some of the issues relative to AUZ that Red and others have raised.

From what I have read here most shareholders are realistic about the risks inherent in AUZ at the moment - are fully aware of the implications if LGE walk away and no doubt many have suffered significant capital decreases at the current share price.

As I have said earlier I do not accept the commentary by some here that LGE are sitting on AUZ to stop others. I believe LGE must have some strategy they are working through with AUZ - they have not announced an exit and neither have AUZ which AUZ would have to do after the disclosures in the late 2022 update and in the prospectus re ongoing negotiations.

AUZ implied a resolution by 31 March with presumably discussions as outlined by AUZ underway from around late November. To me given it is mid May and LGE are still there the parties are clearly trying to get an agreement in place and LGE must still think there is some prospect of agreement parameters acceptable to them being achievable.