Shareholder Support, page-41

So, SH we now have a watershed moment building as we approach the AGM.

Straw that broke the camel's back for me was trading 100m shares to an unknown entity at a 20% discount, leading to SP dilution, when we are "so close" to bringing it all together.....suggests we have at least 150-200m shares+ in the bank to defend the current Board & Management against SH challenge (my view).

If this trade was done without the knowledge of other major stakeholders, including the Brown's, that would be a problem.

In the alternative, I read the challenge from the requisitioning members as one that:

1. Seeks to shine the light on on the true state of play for all SH;
2. Seeks to implement new & appropriate globally oriented Board/Management skills to take the Project forward;
3. Establish a forward looking business & communications strategy;
4. Reward LT shareholders for their extreme investment patience;
5. Hold existing Board/Management to account for their performance v their remuneration

If the defensive effort by the current Board/Management yields support of 200m shares, the quick numbers might suggest that the challenge will be on a knife edge?

However, beware the Chinese, German or Institutional "white night".

If you support the challengers, then they will need all the proxies they can get, large & small.

I have been a holder since 2011 & will be supporting the challenge.

Simply my thoughts.

Jvest