Ann: MRC notice to increase interest in Munglinup Project to 90%, page-17

Hi spid81 your chairman has not taken a loan…He has diluted shareholders at market value…The market doesn’t value the DFS valuation…25 cents your dreaming

2.6 cents per share is more than fare considering the dire financial post the company is now in…Had the chairman taken a loan and used his own security I would be impressed…No such thing and the chairman has spoken…His not prepared to use his own security is happy to dilute shrare holders once again…The company has not even returned to profitability and now involved in a costly dispute…

They have had to alter the mining plan to reduce commute times on aging equipment…A $2 million loss just recently realised while machinery and equipment need to be replaced as advised by management…Now they have debt to add to the mounting concerns

Regards Croc