Ann: Appendix 3Y - Tim Goyder, page-2

Another smoke signal, TG plowing in another $450k of his money like a ‘drunken sailor’ - non stopping in building his stake.
What’s up Mr Chairman? Are nearly a deal yet?

quote from somewhere ......’And we should not forget that Kidman Resources (KDR) was taken out by Wesfarmers for a value of around A$770m (comparable to LTR’s current market cap) while holding just 50% of the Mt Holland project. We consider Mt Holland and KV as being quite similar resources in a number of respects. And arguably, KV is better located, with fewer infrastructure challenges. On this basis, why is LTR not worth twice the take- out price of KDR?’


only the chairman has the answer........it’s in his hands..........