Ann: Media Release: Results of Meeting , page-6

Hi Bruttis

Like some of us said on a number of occasions - the only thing MAC will achieve is to highlight the significance of our resource, and I must say that both he and Sage accomplished that.

As for tomorrow - well that's a good question. I think there will be some who will view the landslide victory as an opportunity to pick up some cheap stock from those so called dissident shareholders. Personally, I don't think that they will sell on-market but will agree to hand over their holdings to FEL under the terms of the bidder's statement. It is worrying when you see the stupid things some people do!

Looking ahead, I think most shareholders accept the fact that Gary now needs a bit of space so that he has the opportunity to deliver on his promises.