Ann: Despatch of SPP Documentation, page-3

A bit of interesting language.

The words about "the extent to which you have bought or sold shares" is interesting.How could that be fairly applied unless it simply serves to adjust the size of peoples shareholding when the calculations are finally done.

What the intent seems to be is that at the end of the day the scale back will be based on the size of peoples shareholding.

So if the SPP stays in the money it will likely be well supported and if they lift the acceptance to say $5.3m all those who own 5.66m shares after buying and selling into the lead up to calculation day should get $30,000 /0.053 = 566,000 shares and everyone else proportionally less.

If you own more than 5.66m shares you will be further diluted but still have a very well funded investment in the next copper mine.