Ann: ABML Directors To Recomend Proposed Increase Offer From MLX,MLX-ABY.AX, page-27

No worries EastWest, I appreciate the differing opinion, although like you I would like the number 1 priority to be making every mine they have 'hum' and print cash. I guess for me I don't really mind if they stay diversified, however I think as I am holding stock because I want to make a profit, I believe the market will put a much higher valuation on its gold assets if they were a separate corporate entity.

I would even go so far as to say that the likes of NST would look at MLXs gold assets are a possible target, not because they are necessarily tier 1 mines, but that with the right management, they could be tier two, and would provide NST with a holy grail of becoming a 1m ounce producer within 2-3 years.

Just a possibility, especially if the POG continues to rise.

Would be interested to hear thoughts on the quarterly?

Still spending a lot of capex, but I actually think they have hit the peak for now. I am not particularly impressed with their 'pre-pay facility'. With all the cash that ABY will bring I just don't understand why they did that.

As I see it, they basically have $60m in cash, plus will garner a further $75 with ABY - minus the $20 or so it will cost them to buy of the major holder and a further minus for the pre-pay of $23m. Leaving them with approx $95m by June 30. Assuming that the last few holders of ABY bail and accept the MLX offer.