What would you do now (if you were APAC or L1)?

So, imagine you were the investment manager at APAC or L1, what would you do next?

1. Board. The 3 new directors of:
Lambert (mining engineer, Chm Mincor)
O’Connor (ex-CEO OceanaGold)
Polgase (metallurgist, key person behind Avanco copper success)

appear to have great resumés, and Polgase has 10 years’ tin experience.

* Would you let Heggen, who has been a director since Oct-2012, remain Chairman?
* should Heggen retire?
* should a 7th director be appointed to ensure a majority of fresh faces?
* other ideas??

2. Share value. If Renison were to earn EBITDA of $40m pa, then on a hopeful multiple of 6x, the EV (Enterprise Value) would be $240m.

Subtracting debt of $35m and say $15m for Nifty care and maintenance, the Equity Value would be $190m or just 21cps.

What ways are there to increase the share price!?!

a) Do you ramp up the exploration program in the Paterson to try hit a home run discovery and multiply the share price that way?

b) other??