Ann: Lake Mackay Project Update, page-32

The fact is we don't have to worry about GRM. We may not like the copy cat style but ultimately RWD should feel flattered.
The truth is there is a lot more potash in Australia than what we knew about 6-8 years ago. We are beneficiaries of that.
The growth in demand is projected to be significant and there will be a market for whatever RUM, RWD, GRM or anyone else produces. A poster yesterday has told us that others plan to cash in on the Geoscience data and take up tenements around RWD country.
Personally I feel it is illogical to bag GRM and its potash assets if you support RWD. Its another argument to question how the company may or may not develop. I have no doubt that GRM executives will receive substantial stock and option packages as well as escalating salaries. It won't be run RWD style, a style that has seen the company survive the GFC and come out fighting. It is very unlikely that GRM will have the in-house expertise that RWD has and this will cost them.
Perhaps the buy at peril warning would be revisited in 6-12 months.