Ann: MRG Successfully Completes DD to Acquire HMS Projects, page-5

Box ticked with DD successfully completed over heavy mineral sands project and more news to follow as vote at EGM on the asset acquisition approaches. I expect a re-rate for MRQ on the back of this quality high potential asset in a mineral sands hot spot amongst some big players in the field. Once more details are revealed on the project the market will get a better understanding of the true potential of the asset and potential turnaround play that is unfolding. With significant milestones in place on the project for increase in vendor shares the upside if these targets are hit is many multiples of where we are now at 8 mill market cap.