Ann: AGM Presentation, page-59

I never really subscribe to the "price is being capped" argument. Mike's take at the AGM on our SP is that is ultimately linked to the copper price and he was lamenting that he did not have a copper price graph overlaid with NWC SP. Essentially, that's been my view, combined with the extension to timelines and progress that has seen the SP languish.

However, at the AGM, he did say that some companies, including OZL, had been talking to them.

It looks like the OZL bird has flown, now they are in the BHP stable.

So, given the last 2 days where it was clear that the SP was ready run, the sell suggests appears to suggest capping. Maybe, just maybe, some entity has a vested interest in keeping the price lower.

T/O is not necessarily out of the question, even if Mike says its not high on his agenda (discussed at the AGM).

BHP takes out OZL. OZL were lining up a decent stake in CNB before being consumed. There is action in the copper space.