Ann: Offer To Purchase ACE's Interest In Four Mile Rejected, page-47

Hi guy's,

Just took a position this morning. I've been an observer for some time with a few trades here and there. Interesting that Management said, Quasar is not prepared to increase its offer to a level the Board would consider recommending to Alliance shareholders. This certainly does not mean Quasar were not prepared to offer more but they are playing a game to get the best possible deal. I believe there will be another improved offer shortly and a bit of to-ing and fro-ing until parties can agree. A low ball offer often deflates expectation and opens the way for a more genuine and realistic offer.

I'd be interested to know the realistic expectation of share holders that they would accept? I know management of both Coy's would closely monitor these threads, so be honest and realistic on what you think is fair value at the moment. Try not to think of what might have been or if we were in boom times etc., just based on the sum of the current assets.

Cheers P