Ann: Change in substantial holding from GMD, page-5

The rate of GMD increase in DCN is slowing up now.... at present rate I think GMD will have maybe a 35-40% DCN stake by the current deadline 5/9/22.... if the well continues to dry up (eg; their rate of increase slows to a trickle) then then it's decision time:

1. Extend the deadline on current terms and perhaps make a direct pitch to remaining DCN holders (likely scenario)
2. Leave it at that and look to maximise their investment in DCN through influencing change at board level
3. Improve their DCN TO terms to get the remaining shareholders over the line
4. Anything else they can think up!