Ann: Chairman's Address to Shareholders, page-30

My beef is not with the attempt at highlighting the valuation discrepancy. It is with the whole idea that James Marsh/Andromeda can carry the Investor Relations job of explaining the nature and value of kaolin & halloysite on the Eyre Peninsula, the cement additive, costs and revenues, the future for HPA and the inks & coatings markets etc.

Of course MEP shareholders can avail themselves of all of the information JM/ADN are pumping out but some insight as to the value of the JV and moreso the 50% ownership of Natural Nanotech P/L would have been helpful.

Reducing Tony Belperio to a bit part role when he is the main game is disappointing.

OTOH including Glen Little in the main body of the AGM material conveys to all and sundry that MEP considers gold & base metals exploration to be the core business of MEP.

I contend it has been overwhelmed by the HK story.