Hi Johnd, My thoughts are that the streaming transaction with...

Hi Johnd,

My thoughts are that the streaming transaction with Cobalt 27 is being finalised.

PanAust has only 12% of the Company. It would need 25% to be in a position to launch a takeover bid.

They could easily buy Frieda if they wanted to fron HIG, but will go about their plans for developing Freida River but slow financial strangulation of us and subsequent tenement dilution. We have a market capitalised off 80 million AUD approximately. I mean how can we afford a loan of $200 million plus for us to get a foot in the door.

Cheers