relentless selling, page-34

Ville,

If Posco would not sell, OZL could never mop up. Unless you have knowledge that POSCO was willing to sell, your first accusation is made without all the data.

Why has share consolidation been wrong. PNA consolidated and has fallen as well. ABY has not consolidated and fallen. There is no evidence to say that consolidation has had any bearing on the sp falling.

I do not think any of us have any understanding of the Romanian asset - it's potential or not. We were not in the data room and we have not visited it. Making the accusation without evidence is a bit steep. We can draw some opinions maybe, but that is about it.

The fact that OZL looks at all opportunities should be commended. What is haphazard about checking stuff out?

HT1