Ann: Extension of Closing Date of Retail Entitlement Offer, page-7

Good Morning Sirrobbo,

The other day you advised the Institutional investors have a longer term view. they normally build up their holding before retail investors get onboard.

Did you notice that 71% of MRC is controlled by 6 investors?
Its a significant amount, and when you consider the largest shareholder has already invested $5mil into this CR it does build confidence in the project and the path the company is headed, BTW he also has a director appointed to the board, which would know full well the status of what is happening with the inland strands.

As I keep saying, No retail investors are interested in MRC, the daily volume and the buy depth are always lean, I am looking forward to Scott finding some new investors as part of this CR or for thim to get out marketing the company to get retail investors interested in this stock.

2 operating mines with a MC of only $26mil, you see hype based companies who are yet to mine 1kg of graphite or Mineral sands with MC closer to $100mil. MRC will head back in that direction once they resolve the final issues of the inland strands. Which is funded by its offtake partners US$10mil investment.