pog...poo, page-12

Rennies, I suggested they should just arrange an off-market transfer from RAB to a major shareholder. After all, 29m shares at 15c or whatever is not a lot of money. I was told the management have of course been trying to do this in 2008 but RAB keeps insisting on a "premium" above the market price, which would-be buyers disagree with. My reading between the lines is that the relationship with RAB is not particularly good. The danger for other NGF shareholders was if RAB was forced by its investors to offload the 29m shares in a fire sale. The good news from this Reuters announcement (just a couple of days ago) is that it won't happen in the immediate future.

Rowingboat.