Ann: Appendix 4D and Half Yearly Financial Statements, page-59

Hi Norway,

There is no need to call MVC, Its very clear by his change of director notice, that he would prefer to sell his EMC shares at a 50% discount to the current share price rather than sell his MRC shares where no director notification would be required.

Maybe he sees the full value of MRC with the company soon to expand its production by 50% and move into producing finished products early next year.

I am looking forward to the QTR report to get the confirmation the inlands strands are being processed as the June QTR detailed.

BTW, I gather my commentary with GMA garnet and the 30k tonnes of Garnet pricing was fairly accurate for you guys not to comment on the post.