Ann: Lockyer Deep Operational Update, page-63

Just playing devil's advocate for a moment, if MIN did the ring around for some of the top 20 and counted the number of shares and percentages and found they had the majority support, then would there be any point for the board doing another rejection?

Don't get me wrong, I believe the offer is too low and doesn't represent anywhere near true value, but looking at the progress or lack there of getting a contingent number out there played into MIN's hands, and MIN knew if the contingent number, which if believed is correct gets out there, they didn't or don't want to pay double or triple the price.

So from the position of 19.9, they have got an extra 52 at a low value, so I believe after the drills, we should get a superior offer, but for MIN the price paid will still average quite low.

Just my thoughts.

We are stronger in a group as we are holding.

Now lets get drilling!