Ann: Daily share buy-back notice - Appendix 3E , page-14

re: Ann: Daily share buy-back notice - Append... Oops. I thought my numbers were a bit low. There should be about 100m shares left over. So $39m to own the whole show (I think). Numbers people, a fine tooth comb may be needed here. The market cap is $565m, and my figures assume the Top 20 will not be bought out (of course they will, but you can see where I'm going with this). Pallinghurst own 76.88%, so perhaps its a matter of just going on the other 23.12%, if there was to be a buy out. Or they could always just keep doing a buyback until there is more shares in the class, and THEN go for the buy out or selective reduction of capital.