Ann: Appendix 3G x 3, page-4

The way this is tracking now, it must surely be about time the BOD moved the share price decimal place to the right, with a consolidation. It would give them some breathing space! Naïve shareholders might even feel happy the the price is up!

BOD establishes a new ‘high’ share price base to ‘manage’ potentially share price moving ‘event’ from while other more savvy SH grumble about being ’stiffed’ again. After a while, SH simply forget about the consolidation. It’s a bit like winding up the clock to get it started again!

Some updates on the Malta project might be of interest to shareholders. But then again I doubt MXC is interested in growing or producing anything at the moment. They seem to rely and survive on contracting out every part of their business, skimming a small margin off the top. While the illusion of a growing and producing enterprise might prolong the game, it can’t last forever!

Consolidation or not, the only way the MXC share price is headed long term………………. is down.