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SECURITY OPPORTUNITY
Strong balance sheet MCAP discrepancy
with no debt (low EV)
Able to fund development of Key projects
some projects without dilution co-funded
Strong Board and Multiple catalysts
management, collectively across portfolio
the largest shareholders
Consistent strategy - History of cash returns
partnering to reduce risks to shareholders
and realise returns
Disciplined capital Transitioning to best practice
allocation ESG - ‘sustainable investment’
