Ann: MCT Bid for NME - Issue of 2nd Tranche of Consideration Shs, page-8

Fact no 1 MCT s secured the easy 30%
2 Accumulation is slowing

3 NME are playing a blocking/delaying game.
4 MCT must dilute to buy NME shares by script
5 large dilution without a TO is a big negative for the MCT share prices
6 NME likely have more tricks up their sleeve. The BOD is old school hardball players
7 Less than a 50/50 chance of success without a bigger offer.
8 A better offer disadvantage current holders.