Video Presentation

Tomorrow there will be another Video Presentation by Shannon where he will explain in layman language aspects of the technical announcement that was issued yesterday.

You need to understand that it was a ASX requirement to inform the market once the initial analysis of samples was completed. The announcement was a byproduct from the Geologist findings. It did not excite the market due to its technical nature. Unfortunately bauxite falls into a complex character which is not readily understand by non technicians.

So moving forward let me repeat the work in progress.

1. Hundreds more samples are in transit from the drilling.
2. Analysis of this major exciting discovery is incomplete
3. Until the analysis is completed the company cannot provide a JORC.
4. The JORC is required to place a financial value on the resource.
5. Once the resource has a JORC and an implied valuation only then can the company seek to find a buyer.

LIN has made a major bauxite discovery worth millions of dollars.

All the comments about knocking the company and its management are nothing but crap by uninformed holders in my opinion.

I will leave it to astute investors to make the ultimate decision whether to support the company and its management or reject and exit.