Ann: Change in substantial holding, page-3

Gavin Argyle is also Director of Capital Investment Partners who underwrote 74,853,294 of the unconverted options recently @ 0.003 ($224,560) so he is certainly going all in on MRD with both his Super Funds now owning 10% of MRD (789,448,924 FPO shares) and his investment company CIP picking up the 74,853,294 more FPO last Nov/Dec.

Acorn Capital is also invested in MRD for 345,057,866 FPO shares. Acorn Capital was established in 1998 as a specialist investment manager in emerging Australian companies, they distinguish themselves through their relatively large research and investment team. Rick Squire & Karina Bader (both geologists) are part of the Acorn Capital investment/analyst team that would have been responsible for the MRD investment decision so I have provided a screen shot of their backgrounds from the Acorn Capital website.