100% agree with management track records....usually a great...

100% agree with management track records....usually a great indicator to future performance.

A great team can make a mid tier project successful, but a mediocre team can screw up even a tier 1 project.

There are some directors who have it, and some who don't, some who attract investment and some who fundies steer well clear of.

Tim is a junior CEO/MD, new to the role......so how can you rate a track record when he is a new runner?

I will continue your race horse analogy.

You have already placed the horse as a DNF, yet some solid progress has been made....funding, government relationships, strategic partnerships...names like Ford, the UK government and LCM, one of the only battery metal makers in the West.

For comparison, I am still in SY?, the only lithium producer in North America, been producing for over a year now....yet still no offtake...no Ford or GM or Stellantis....FFS.

The point I was making was that many decent milestones have been hit so far and to me it seems we are nearly there, so a DNF or the wrong horse is not the way I view it.

It takes a lot of time and hard work to get a horse to become successful....work behind the scenes the public is not privvy to and does not see.

This horse has good track-work, set some good times, but not quite ready to run a Group 1.

But it is now getting the support it needs, better trainers and a better team to support it's journey and step up from Group 2 to Group 1, with a clearer near term strategy to get it there.

So although it may seem I am staunchly supporting Tim here, you would be misguided in thinking so.

All I am doing is remaining objective, keeping an open mind, and giving him time to hit his strides and take that first group1 victory.

With Lynch on the team, I am betting the missing piece of the puzzle is now in place to execute and together, win their first Group 1.

So I will personally afford them the time this year, to prove themselves and nail something big.

But just like a race horse, they don't have the luxury of an unlimited timeline to succeed.

2024 has to prove to be a pivotal year for IXR.

If not, it's off to the knackery for the lot of 'em.