Big hitters are mostly realists, generally they've become a big...

Big hitters are mostly realists, generally they've become a big hitter via one extremely successful venture and once they have a monster stack of chips they understand the importance of diversification with that stack. They know they will lose at times, but live to fight many more days with an only marginally smaller stack.

KH has IMHO certainly reached the point with TLM that he isn't going to kill the pig here, at least not with the current corporate structure I.e. the JV.

He is taking a substantial hair cut here in terms of the price paid and the capital payout he will receive. He is not the first heavy hitter to take a loss.

He may believe that the chances of a booming SP are greater with the JV exited and a 100% owned Lachlan & Sinclair. Or he might simply believe it's time to cut some losses and recoup what he can right now.

Will he speak his mind honestly at the GM? Who knows & regardless he has accepted the deal so that's all she wrote on the matter.