Ann: HANKING OFFER SCHEDULED TO CLOSE ON 17 APRIL 2018, page-15

Mate I don’t know why you come on here and talk this utter nonsense about reasons that can’t be substantiated on how shareholders should reject the deal.

FACT: Coolgardie has not a hope in hell of securing a milling facility, Hanking will most likely divest Coolgardie and focus on Mt Bundy. There’s probably more gold at Coolgardie except it will require some really deep drill drives to access new veins down depth to make it worth while building a plant.

FACT: If Hanking don’t get 90% you can expect the mother of all capital raises. PGO before the takeover offer had minimal capital reserves and who knows what it’s like now.

FACT: There’s a huge risk in being a minority shareholder as it increases the volatility, not to mention the issue holders would be faced with if they started issuing hybrid securities.

FACT: Mt Bundy has a very low water table about 90 meters, this has servely impacted ESI statements and studies through the NT’s department of mines, specifically on Toms Gully.

FACT: Mt Bundy is a good asset that can’t be developed because of the capital barrier required to do so. Without Coolgardies cash flow, progression of PGO’s operations stalls and that’s where we are now... on a road to nowhere.