entree , page-4

Hi Tombu The independent opinion due out in Feb may scupper the current Entree bid
If it doesnt and no other bidders emerge the vote requires a 75% majority
I dont believe the major shareholders are lacklustre
Mark Creasy's investment coy Yandal at no2 plus a number of the institutions will seek fair value
A large number of smaller shareholders rejecting the meger could help secure a revised bid

The Nevada copper assets are the outstanding assets which is why Entree is trumpeting their assets being doubled
I was hoping other projects like Sentinnel, Blue Rose and Mystique would be sold to raise the funds to increase the Nevada JORC reserves and begin prefeasibity to be in a stronger negotiating position.

I have a lot of respect for the board and Mike Joyce will be aware of his accountability for securing for Giralia the best value for their 10.37%

Also the PMH and Giralia directors hold a large chunk of PMH and will be wanting to make the best investment decision

The next month will a time for arbitrage players and other bidders to get positioned
Tony Sage may be doing some sums already
Ive spoken to several brokers and investors who see PMH as very good value at 0.33

If global growth remains on track PMH's copper reserves will be on radars of major resource coys and investors
Waiken