EHL restructure approved, page-7

Hi Names Little, the creep only starts when above 19.99% so they can keep buying everytime options are exercised. Given Hgo may not have the cash to buyback the Notes, they will be converted. Also if they have not bought any in the prior 4 month period, they could offer whatever they like... Asic will make no determination on
whether a bid price is acceptable.

Good luck to ARA if they get the company at a discount, we all had the same opportunity to buy extra notes and I am glad I did. We can all continue to buy more as well. The best thing HGO can do is get into the good ore and start making some money (finally) and that will see the shares rise. Still think this may be earlier than expected, time will tell.

Just my humble opinion on this rainy Sunday morning.