Boardroom Power Play showdown, page-20

If Mandevilla wins 100%, then there will be a new Board composition, apart from Rob Martin an incumbent. If so, then expect a new deal with SFR encompassing Cashmans, and maybe all of Morcks Well.

That should basically mean:

1. more money in the bank because SFR would have to pay a bigger price.

2. not as many tenements to maintain, so a reduced 'use it or lose it' expenditure.

3. reduced exploration costs because SFR would do the exploration.

4. concentrate the expenditure on Forrest, Wodger, Big Billy and the other tenements which are mainly to the north and haven't really been touched.

Now, if you look at it that way, then AUR's financial position would be much enhanced. That would mean of course a much longer time between CRs.

I think that this is what the Mandevilla alliance is on about.

It makes economic sense when you think about it.

If the Investmet team wins, then expect more of the same and someone new to replace Rob Martin. But what if we end up with the same Board membership as we have now? That would result in continuing disruption and dysfunction - bad result!

So, it has to be 100% one way or the other in order to be not dysfunctional at the top -imho!