Lockyer Deep - From the horse's mouth OR What the JV partner really thinks about Lockyer Gas, page-183

Hi seahunt

I wondered whether MIN could extend the takeover period.

Not easily.

A takeover bid can be extended for a limited period of time if all parties agree, and the extension is approved by ASIC.

Hmm - our BOD?

However we have a further protection, because a bid can be extended for a limited time period, but normally if the bidder has received acceptances for less than 90% of the target company's shares and seeks to obtain 100% ownership.

I really don't believe that MIN is going to be in a numerical position to be able to apply for an extension on that argument.

So yes, we shall see in 11 more trading days.