Ann: Voluntary Suspension Update, page-73

Prospector6438.

Does bring up an interesting point. Jaguar mine.

Soul Pattinson put up round oak minerals for sale in April last year. The estimate ask was 100m.

Bids were to be in, but I note it has not been sold, round oak is running at loss and none core to soul Pattinson.

Round oak runs many operations including jaguar, up the road from tnr and on tnr proposed pastoral purchase.

Maybe the subscription is not for tnr shares as they have been firm on not issuing more, but a share subscription to buy another's asset.

jaguar in. It has plant and 1 year mine life left, so it's worthless unless resources are found, so would not command much money.

You'd have to close it or give it away next year, but if resources are found. We'll it would be very valuable.

I guess, we just have to wait it out. To me if it was subscription for cash, easy deal, but not on an asset.