Ann: Notice of General Meeting/Proxy Form, page-10

It would all depend on who is making the offer in my opinion.

After the debacle that happened with Westgold/ Musgrave/Ramelius, if it was Westgold making the offer you would want it to be a knockout or you expose yourself again.

TO were explained to me once in great detail once, the person making the offer is like someone standing in a room of 100 people giving a speech and someone pulls his pants down. You either receive an applause or fill the room with laughter. Size of the offer matters sometimes.

AP would have to put it to shareholders, based on 1M ounces my back of the envelope 50c.

DYOR not investment advice.