Ann: Reinstatement to Official Quotation, page-20

That's a really good point, mate. The B/S cleans up nicely.

The way the transaction is structured (cash, con note, options) shows, IMO, that MLX management believe the Cu assets / sector has legs and that they want to maintain exposure to these Cu assets and the Cu market.

IMO, this is a really well structured transaction by MLX Management and given my views on where the Cu market is heading in the years ahead this optionality that MLX Management has created, whilst freeing itself of the financial and operational obligations, so they can focus on Sn and become a pure play option for investors, is a far better outcome than I expected.

Cheers
John