Ann: Results of Scheme Meeting, page-66

There was never going to be another bidder for the obvious reasons -

TPD had a 45% interest in Wayerling and whilst it had other tenements they required drilling etc with each no guarantee of success. In addition, it isn’t the operator either.

It also had a minority Mongolia interest in a foreign jurisdiction with all the potential risks associated with it.

And it had a MC of approx $120m, which is peanuts in the scheme of things.