Hi RRP84, thanks for the alternative perspective. My view is...

Hi RRP84, thanks for the alternative perspective. My view is that management lack the capability to make these assets work and have therefore put shareholders in a lose/lose position. As i have mentioned before, Farooq and associates seem to be the only ones winning out of all this.

Last annual report showed SRK held 30m shares in LEL. Given interest is growing in iron ore juniors, why not sell down another 10m shares in LEL (keep just over 20% ownership in LEL) @~50c and use the proceeds to put towards refinancing GII. In this scenario you are possibly giving up future upside on LEL to keep Paulsons alive. I have never been convinced of LEL so why not hedge your bets and do what every fund manager trys to achieve - diversification.

Farooq and the board the management team are taking ~$800k in remuneration per year. How about they take a 50% haircut for the FY24 period and use $400k to pay for the broker fees to sell the 10m shares?

How about Farooq try to do something to show he is acting in the best interests of shareholders and not just himself. When was the last time Farooq went to Paulsons or Apurimac and actually got his hands dirty?

What is William Johnson actually doing on a day to day basis??? What is Farooq doing to get ~$200k per year for Strike?

Since 1 July 2023 there have been 23 company announcements:
- 9 have related to the AGM, quarterly and annual reports
- 9 have related to shareholder notices
- 4 relate to this proposed deal
- 1 was from CZR in relation to the Ashburton export facility

What on earth has this management team actually done for the past 6 months?!?!?!?!?