new year takeover offer, page-29

Hi Snooker - Yes I understand all that.

The option is for 51% of certain tenements only.

Yes I realise they have to get 90% acceptance to compulsorily acquire in any take over.

Rules state they cant buy more than 19.9% without offering a full take over unless exemption is approved by ASIC.

They can however make a take over offer subject to a minimum of 50% acceptance. thus gaining control of the company.

Yes they would need FIRB approval to buy AOH but that wouldn't be an issue as its not against the national interest.

MMG would have got 100% of the Oxiana / Zinifex assets if prominent hill wasnt located near the woomera spy base.

Chhers Hoot