Thumbs up to SAY NO $3, page-69

Hi vmp
You have been about the staunchest advocate for LTR over years and I'm sure we all respect your opinion.

You are right that such a move by management to engage with ALB may indeed be seen by site personnel as a negative, but what about the alternative? It is quite likely that ALB put some sort of deadline on their proposal. These takeovers are like chess games. I'm sure that ALB's advisers knew all about the ASX100 timelines and may have linked their dates accordingly. For LTR management, they had to weigh the withdrawal of interest by ALB on our share price and the activities of shorters and other potential bidders out there.

The timeline to production is getting so close now, but it still leaves a big gap during which predators of all types can exploit the fact that LTR is still one of the few companies that have such a large retail shareholder base. I was not a holder but it happened with FMG too, where their share price was knocked for six all the time by all sorts of rumours about their management and production techniques before they even got to the starting line, in an effort to unseat retail shareholders from their shares. Now look where they are.

There may be a price to pay in morale terms, but I (perhaps foolishly) still believe management both wants to keep us independent, AND support our shareholders through to commissioning and production. I'm also keeping in mind that the scheme terms are not yet agreed, so I am waiting to see what they are and I'll review my judgement.

regards
DF