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Ann: Rights Issue and Termination of Acuity Capital Facility, page-93

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    3 There is Tier1 resource and S32 is not far from making an offer but Ross wants to keep his job
    without alternative targets we accept the offer and he is on the street

    with the alternative targets he will negotiate cash offer for Arequipa and return fraction of cash as capital return
    some payment could be in S32shares
    a basics were actually discussed at March workshop inSyfney
 
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