Ann: Becoming a substantial holder from MUFG, page-6

Can't agree more. This whole thing stinks.

Now I see that Cupric Canyon (MOD's next door neighbour) just confirmed a total funding package of US$650M to start a project, US$560M of it with Ausdrill (ASL) for underground drilling. In the meantime, MOD sold their soul and all of ours to SFR for A$167M ??

If JH is playing corporate chess and hopes MOD takes a higher offer, then great, but it's current structure is an aweful and fateful play with SH's money at stake and such a light offer. SFR must be rolling around the floor at their offices. And by the way, our investments are locked in until late October when this all gets done, unless you want to sell at a discount now.

The more I observe and trade, the more I'm convinced that the Australian sharemarket is a dead end and I should have either partied my socks off or bought real estate.