Ann: Investor Presentation - Brisbane Minerals Metals Conference, page-142

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glendronach

Thanks. Your response confirmed you deliberately misrepresented my posts, and continue to do so. The only rational reason for your behaviour is that you took exception to me saying I'd bail if the post tax NPV(8) was below $600M (with some caveats). Perhaps you are worried about the NPV too, and are hoping for a pump prior to your own exit. I don't know. But its impossible for me to find a generous interpretation to your posts, especially given your fluff about trusting you and ADN making me richer than I could imagine. Those comments are self-serving pumping, pure and simple.

Making a decision before an announcement on whether to sell or hold isn't sweating the small stuff. You don't make your decision on your ceiling price during an auction. And you shouldn't make you decision on what criteria to hold after the DFS is released.

I was hoping for an open discussion around people's expectations on the DFS's NPV, IRR, etc, and some nuances on their criteria. But instead it was mostly silence, except for your bombastic posts following my request for other's criteria.

Feel free to ignore me if you don't like being held accountable for your posts.