It also seems Sage also owns Perth A-League football team Perth...

It also seems Sage also owns Perth A-League football team Perth Glory, fashion magazine KURV and part owns the hugely successful Perth fashion festival. In 2009 he was named Australia's best executive by Resource Stocks Magazine. He was also the executive chairman of Lambert resources which was awarded AIM Company of the year in 2008 (later the company was subject of an ongoing ATO investigation which saw a $96M assessment which later settled with the ATO for $2.4M). He also bought the Mt Anketell magnetite project for $20 M and sold it 18 months later for $400M to the Chinese... Interesting fellow but not so concerning to me. He clearly knows where to put his investments.

All this doesn't change the fundamentals of LRS or what they're about to embark on. People like Sage ... and all of us ....are in LRS for a common purpose- to make money.