Ann: Ceasing to be a substantial holder, page-4

Building that decline is a major endeavour. initially, MML wanted an Australian company to do it, I think, but COVID meant they changed plans and have contracted the job out to locals.

the smooth sailing of that decline construction is a worry in the back of my mind. hence I get nervous when I see a well-connected and well- respected shareholder selling down.

I am also worried about COVID getting out of control for the MML mine.

I hope Paradice sold the MML shares because it has gone into selling mode across its share portfolio to raise some cash because it is worried about the health of the global stock market. That would be a more comforting reason than it selling because it thinks MML is a sub-standard holding.

We all know MML is dirt cheap, but we don't know if it is cheap for a good reason.

Fortunately, the gold price is going up again, relative to our Australian dollar, so that is comforting.