I was also around for the returns in the...

I was also around for the returns in the mid-2000s.*
Interestingly, I have since done considerably better holding the companies that LSX divested than holding LSX over this period.
Investing in risk is all ok providing the risk-reward ratio is there, for the last 12 years risk for what reward?
Not great when you consider the time/lost opportunity cost.

Like you, I am optimistic about Pani's prospects, however, I do remember LSX management waxing lyrical about the prospects of EGA and NUS also and we know how cheaply LSX managers were happy to exit those investments.
You sound very patient, I hope for your sake you are a young man.

*I think it was LGP then LSG in the olden days.