I would say that in the Battery Minerals investment thesis there...

I would say that in the Battery Minerals investment thesis there was a decent portion of "Management Quality" in there. That is 100% where this has fallen over. I have had to revise my investment process after 20 years of a good run. I should have investigated Flanagan further. My assessment of Flanagan is that this was his last chance to come good in the resources sector (hopefully with some learnings from the AGO debacle - I thought he learnt from the wash-up of that company) - turns out that wasn't enough motivation.