brokers, page-17

re: brokers acamas Interesting thought xmagx....

...and I have to admit not having combed through the "indepenent report" in the offer document yet, but I would have thought that the intangible value of those assets would go into a type of NAV calculation (but labelled as intangible). However, given the most recent very moderate success with the drillbit, the signature bonuses may not be quite as big as you suggest. But I'm no expert!

I have been keeping my options open, but at the end of the day I think I'll take the TLW scrip option with an expectation the SOA will be approved. I may still go to the meeting...haven't decided...I'd be interested to know if anyone on this forum is going. I suppose Angers will, as he is in Perth. Anyway, I would love to know what TLW's ambitions in Mauritania are, if any. I reckon they could unload the non-Chinguetti interests for a decent price or an asset swap to reduce even further the bargain price they are getting for the rest.

regards
DF