Ann: The Metals Company Investment Update (Previously DeepGreen), page-2

Monday from a CDM point of view will indeed be interesting. A. To see what effect the increase in NTA will be. B, to see if there is an increase in CDM buyers and by how much, and in the longer term C. If CDM (IMHO) takes the wise decision to exit their holding in the new company, sticks to their knitting and considers that this sort of event is virtually a “one off” and a gift from heaven, and converts to cash and subsequently invests in more “understandable” equities here in OZ and the US. The deal certainly has come together fairly rapidly at the end and it will be interesting to see what Karl and the team decide to do and how they will treat their newfound windfall in the longer term.