Reasons why it could be A, B, C (the results that you don't...

Reasons why it could be A, B, C (the results that you don't want):

- LEL directors are also directors of SRK and BEL. Both these companies have been selling LEL shares in the past 6-12 months. As recently as Nov/Dec 2023, SRK sold 400,000 shares at an average of 60.7c. If Solaroz was going to be sold for a motza, why would they be selling shares?
- SRK announced that it was selling its only viable asset (iron ore) for a pittance at the end of December 2023. If Solaroz was going to be sold for a motza, why would SRK need to sell its crown jewels? (a Solaroz sale would enable a big cash distribution which would then enable SRK to develop its iron ore assets).
- If LEL directors were so confident of a great sale, why would they not stump up 30c to convert options last month?

Reasons why it could be D, E (the results you want)

- If it were A, B, or C, they would have been needing to do a cap raise by now. (in addition to the small cash injection of $1.2m from the broker options they got this month). The fact that they haven't had to raise would suggest they don't need one.
- Demerger of graphite assets allows them to wind up LEL once a full sale is done (although this could apply to a poor sale result, C, as well).
- LEL has not signed up to investor conferences that it has in previous years. ie they did not have a booth at the RIU conference in Freo (Feb) nor are they on the list for the one in Sydney in a fortnight's time. They don't need to waste money on promoting the company anymore.

That's the last of the speculation from me. I'll be one of the first to congratulate if it ends up being something that results in >$1/share.