Minimum Local Shareholding and Listing Requirements for Mining Companies, page-154

Hi Robbo, with this 30% requirement to list on Tanzanian exchange plus the potential for the govt to acquire up to a further 50% under these new legislations, is there a potential that MNS could actually lose control of the Tanzanian mining company with the Tanzanian Govt plus Tanzanian listing holding 80%, with MNS being relegated to a minority holder?

Even if they only take 16% then we only seem to end up owning 54%, which is better than 20% I suppose.

Also our MDA appeared to me to give us a tax concession as we got some guarantees of no increases in tax rates for the life of the MDA I believe. Your thoughts on whether that would constitute a concession?

Anyway, let's hope they work it all out and can get the legislation changed or something prior to us coming out of suspension.

Thanks