changes, page-61

JG:

a skillful disregard for the facts which have been discussed many times.

'Fair market price' a key term in the agreement because it is at the end point.

1. The parties could not agree on the price, so the independent valuer was brought in to determine the fair market price.

2.If Xstrata made a low ball offer well under what would reasonably be regarded as the 'fair market price' it is only logical that AOH would have refused it because that would not maximise shareholder value.

3. Xstrata refused to accept the 'fair market price' reached by the independent valuer and declined to exercise the option.

THAT's what happened.

After talking the stock down indefatigably and encouraging negative talk with understandably weary holders, you quote another low ball entry price. 14c?

So I "work for AOH"?

Feel free to put ASIC on the case, I'm very keen to speak with them anyway about deficits in their compliance strategies particularly about market manipulation and non disclosure of whom brokers are acting for.

No. I mean, really I am.