Ann: Corporate Update , page-3

Hi Oscar

Looks like we both sold after the offer

I've learnt from one of my other holdings :) Even if the company is worth much more, a cancelled bid usually destroys the price.

The original board since the company restructure have always been saying "we have got to production before" and "we are going ahead to production" and then accept a price 30% lower than the float price of 20c.

But on the other hand, look at CCC and other beaten coal companies.