Ann: Annual Report to Shareholders, page-24

Hi ainsleym,

Good post, and the previous one also. I was waiting for a few discussion posters but none came. I like your thinking but reality is very complicated. Yes communication's skills are lacking with LNR, but I'll get back to that. Board changes is interesting!!

Brian has been the face of LNR for a while so I'll just comment on him. He is deeply involved AZS a medium upstart company and is going very well there. He has very grey hair so I'm sure he's thinking about retirement options. AZS would be enough for many. Then he's got LNR at the very beginning of the cycle or no cycle at all. I'm not convinced he's fully committed, but I'm willing to give him a try.

On the exploration front, the 1m REE zones are not going to enthuse anyone for a JV. The carrot on the stick is what is and potentially is in the carbonatites. 2 drill holes into 2 them is slim pickings but it's all we have at the moment. Is Brian Holding onto good results with the carbonatites or is he doing other deals or is he thinking he wants to get out of thorn in the side LNR. I have no idea.

These stocks are high risk, so what is the bottom option. Gdoggy posted a cap raise at 0.006. I think it could be 0.007 especially after todays action. Getting back to LNR are shit at communicating. Perhaps its about withholding information for survival or some other benefit. I've said many times that minnows are about survival. Remarkably the former FNT survived. I think LNR will also if Brian has the ticker.