Ann: Beer & Co. Research Report, page-4

I'm all for a cap raising as it would let me buy heaps cheap and stop my getting washed. Further by my buying shares in my own company I put strength into my company. I shouldn't say "my" because I'm not Chinese, and believe me the Chinese own the company. They're definitely not going to let their chance of establishing a strong and growing foothold in Australian mining blow away in the wind. Some of these gentlemen have put personal millions into this. This is just the beginning and for mine I hope they do not mount a takeover. The real benefit here for the Chinese is the beneficiation in China with a captive supply that (back it in) WILL NOT cause a price lift to China even if the price trebles. I.E. a locked in raw material supply with a locked in price. The material price fluctuation of HM fades into obscurity. This ugly duckling will not grow up to be an ugly duck. Keep the faith.