Ann: Update on proposed sale of Lake Johnston, page-30

Yeah, my guess is that after getting DD boots on the ground to have a good look at the topside infrastructure (incl. Windy Hill camp and the air strip) the MIN reps then needed to have a 'difficult' (promoted vs. reality) conversation with the boss, CE.

Allegedly leaving it until the last day to advise your counterparty (POS) isn't, on the face of it, a terribly good look, but I don't know what other time constraints MIN were operating under. They did need an earlier time extension, so there's that.

According to POS, MIN aren't looking to simply walk away just yet, but are wanting to materially renegotiate. The implication there, as I read it, was that it wasn't necessarily terminal for MIN at this stage, but significantly problematic enough to warrant an argy-bargy renegotiation under threat of walking away.

Reading between the lines, "...materially different to the agreed transaction..." sounds like MIN's suggested revised terms prolly means a revised sales price materially less than $10M. Perhaps as low as $5M, to warrant the posturing language by the POS Board.

Just my speculation.