Dear Asimwe

Dear Asimwe,

1) Happy New Year (let's hope it is)

2) 2023 was not a good year for your shareholders so you need to try harder as your companies are not performing well.

3) We are hoping that LIN is not going the way of VRC where shareholders report years of poor management, unkept promises etc.

4) You did really well to find and secure Kangankunde and drill it out so quickly. = 10/10

5) You did well (seemingly) to do some offtakes. = 8/10

6) IMO, your fund raising is mostly regarded as very poor and letting big investors lock in new shares at 33c and then immediately sell existing shares on market at 41c precipitated massive selling which has continued unabated ever since to devastate both the SP and investor confidence. The collateral damage (to both Lindian and your reputation) is far worse than keeping a few big investors (mates?) happy = 2/10

7) We are now at a stage where few people are following LIN and fewer are interested in buying it which is facilitating on-going manipulation with zero apparent effort from you to do anything about it. = 1/10

8) If you had any marketing ability, you would realise that you have an outstanding opportunity to get substantial investor interest internationally based on the sheer size of the proven world-class drill results at Kangankunde. This is a very unusual, maybe once in a generation opportunity, and is currently being totally wasted, probably like no other on earth? (and this could well be your legacy?).

9) At the very least, you should be promoting the chart that Top Gun included on this thread (above) showing the 1,000m at 2.6% was easily the best RE result for 2023 (and daylight was 2nd). Very impressive for those relatively few who have seen it. I wonder what a chart of the best RE intercepts of all time would look like for Lindian?

10) IMO, unfortunately, having once in a generation drill results and then not doing anything with them proves your total lack of marketing ability and empathy.

11) Unfortunately, the same applies to your CEO. There is a vast difference between being a good talker/presenter and a good marketer.

As other shareholders have said; if they hear him say on Pro-active one more time: "outstanding, incredible, amazing"; they'll lose their lunch!

Constantly, appearing on Pro-active and doing a few Tweets is like preaching to the same (small) choir over and over again. Not smart!

As a shareholder, management's lack of marketing ability is an embarrassment. = 0/10

12) OK you have now proven that you and the CEO can't do it - so any good LEADER would find someone who can?

Not a mate, but someone who has a proven track record - a big picture thinker with proven results. Show some courage?

Or, are those concerns that you have trouble managing a volatile CEO still stopping you? Again, good leaders have to demonstrate courage?

13) From where I sit, well done for finding a better resource then MEI, but then they out market you every day of the week and the difference, again, is just embarrassing:

MEI market cap $517m
LIN market cap $167m

Let's use those numbers to give you a market based score 167/517 = 3/10

14) So let's finish with a future scorecard prediction:

a) you continue as you are and your reputation will be: Asimwe Kabunga, "the guy who stumbled upon the world's biggest rare earths resource but didn't have the chops to make the most of it." = 3/10

OR:

b) Asimwe- "the new Twiggy" = 10/10

Happy New Year?