Ann: Meridian Rejection of Samuel Terry Takeover, page-13

II have zero doubt that FAR will receive additional AUS$78 million from Woodside in 2 years time if they wait.that is 78c/share apprroximately. ts clear, Meridian thinks the offer was derisory and should be rebuffed. FAR was clearly oversold by the majority and unloved.Reject the offer also.We will all get more returned if we all reject the offer.Don't takethe lowest of lowball offers.Remember FAR have highly liquid cash in the bank and will have zero debt.The catastrophic mismanagement in not securing finance for Sangomar, is the directors fault.iThink they were victims of global backroom agreements from the G8 and Paris Agreement on climate change before the policy was announcedfor not financing new foreign oil projects. The rug was pulled out from under FAR in regard to financing. The Saudis had a lot to do with that also.So Meriidian suggest selling the contingent payment in advance for a discount and doing a distribution. It is worth considering that. It might bump the shareprice by another 70c? This was what the Greensil business kinda did....before the oil price crash. The contingent payments from Woodside is not a mirage. They are looking more material than ever with current oilprices based on analyst forecasts.It is time this was also properly attributed value in the shareprice.