Ann: Conditional intention to make a takeover bid for MLM, page-10

Hey Golden, look I think the dilution could be more.

I calculated (hopefully right) 1.2B \ 3.2B x 100 and it popped out 31% but I’m not sure I’m right.

Anyway, even if it is, what price do you then place on another proven 49M tonnes with coastal access , more prospects and also snookering Mitsubishi?

I think whilst there is share dilution, the potential gains are worth considering.

Plus, we are that under valued and our share price is laughable, BUY more.

I am willing to bet we consolidate too which will be very beneficial.

Y