landowner's arrangement, page-50

Yes
Good point.
I was annoyed and surprised when it became apparent that SHK was selling in December 2012.
Thought this idiotic, notwithstanding all other events.I (now) believe that like many in 2011-12 SHK was suffering a liquidity issue in another venture compelling him to liquidate some of his assets.
I do not (so much) think that he personally did/does not believe in Mt Kare or that the high target was/is better than 30 cents.
That's simple arithmetic (once we get to the end of the WFS)