No, I’m not defending Cowden, I am furious with him. But the...

No, I’m not defending Cowden, I am furious with him. But the truth of what has gone on at FFX we really don’t know yet. And I certainly wouldn’t shun his support for the 249D and stymieing the incumbent board’s plans if it delivers a sub-par financial result for us (which seems to me to be inevitable). Eric is to be congratulated for stepping up imo.

It is still extraordinary to my mind that a company with two assets when added together that are knocking on $500m (if you take the mine purchase cost, the capitalized $220m reinvestment into Morila infrastructure, plus the LLL holding now valued at $250m) and $35m cash in the bank can just get away with putting out a statement to say “we lost control of the mine, there’s $50m in debts, so we’ve walked away and written it off the books and now plan to give it all up for nothing”. This part has all occurred on Fraser’s watch not Cowden’s. I’d really like to know his take on it.