Ann: Transaction Update, page-105

I am amazed by Ian Prentice's put down of the NO group of shareholders. He is disparaging of their letter of intention to vote NO and refers to ASIC Reg Guide 25. Has anyone else read this? It relates to adhering to original bids in a takeover situation.

The NO group do not need to guarantee anything as they are not bidding. Get it? They are not bidding Ian. Don't pay whoever you consulted in making the response. The merger proposal is solely at the behest of RCF who hold about 18%. A polite retraction may be appropriate.

Like RCF I bought into TMT @ $0.375 and noting the drop in the price of vanadium and the enormous CAPEX to start up, sold out at $0.26 for a substantial loss.