Ann: Update on potential change of control proces, page-10

re: Ann: Update on potential change of contro... I'm not sure if it is a badly worded announcement or one deliberately written to confuse the reader.

- An additional event of default if the directors have not recommended a bid or has not agreed investment terms of cornerstone investor; and

- the lenders have not waived existing defaults

You can't be half pregnant. So if DML does not reach terms on a transaction then what happens? It is still in default and nothing technically changes. Maybe, what DML need to do is start providing a bit of information in these poorely disclosed announcements.

It makes me wonder if the third paragraph has been included to remind readers that DML is already in default and that the banks have been pretty lenient regarding enforcement of the breaches.

The revised resource is just a reminder of what had already been disclosed and based on estimates Ore Reserve will be reduced by circa 5 Mt.