Ann: Subscription and Underwriting Arrangement wi, page-31

re: Ann: Subscription and Underwriting Arrang... I think it's a bit tough holding management responsible for CMIC non-performance. EMG have a binding deal and are entitled to rely on commitments and obligations arising out of that contract.

If the Chinese don't perform they should be held accountable. A binding deal is binding and gives rise to certain contractual responsibilities and reliances.

It wouldn't be the first and it won't be the last time China has engaged in sub-optimal business practices. That shouldn't preclude the company from engaging futures partners. There is always an element of risk in all deals of this nature.

I'd like to know the effect of Australian politics on Chinese investments recently. They aren't happy with the proposed mining tax and the retardation of deals in the sector certainly seems to reflect this.