Ann: Results of Meeting , page-5

emusan,

In simple terms you do not have to tender your shares for the $0.042, however the risk is what happens to MMX in the next twelve months.

The more shoreholders that submit to the tender the higher the cash backing of the remaining shares. That though doesnt mean you will get the value.

The reality is that this process is really all about MVT (Sir Ron) buying MMX better than the cash backing and holding the Cashmere shares.

I personally will take a punt that once the buyback has comopleted and the unmarkable parcel's have been bought back that a higher offer (though still not at the cash backing) will be forecoming. It makes no sence to keep MMX on the ASX and Sir Ron's preffered vehicle is MVT.

The best case is that Cashmere backdoor list through MMX but this is a long shot and highly unlikely.