Ann: Mineral Resources Shareholding in Essential Metals, page-9

MIN in my opinion will defeat the scheme before seeking to engage with the company. I realise some NWE shareholders feel disgruntled by the actions of MIN during the bid over there, but my experience with MIN has been one of positivity in relation to Red Hill Iron (RHI).

I feel confident they will look to rapidly lodge a formal bid and I expect it to be around $0.70-$0.75 per share, but it could equally be a 1 : 100 MIN scrip offer, as Chris Ellison did state in recent times he would use the strength of the share price in M&A. I said in a previous post here that I would be VERY interested in a scrip offer from MIN, so that's what I'm hoping for. That way any shareholders who wish to immediately take profits can do so, but ppl like me might rather prefer to carry profits into next year or beyond with CGT roll-over relief (assuming it gets to 80% acceptance).

regards
DF