correspondance with mk

This is an email chain that I have had with MK this morning



Both

----- Original Message -----
From:
To: Michael Kiernan
Sent: Mon Jun 16 09:34:01 2008
Subject: RE: Investment in MON - attention Michael Kiernan

Do you mean the loans or the investment in the shares?



ChrisWR

-----Original Message----
From: Michael Kiernan [mailto:[email protected]]
Sent: Monday, 16 June 2008 11:30 AM
To: ChrisWR
Subject: Re: Investment in MON - attention Michael Kiernan



The TTY is fully secured and covered and will be completely satisfied next financial year.

----- Original Message -----
From: ChrisWR
To: Michael Kiernan
Cc: Juliet Morrin
Sent: Mon Jun 16 09:01:25 2008
Subject: RE: Investment in MON - attention Michael Kiernan

Hi Michael

I appreciate you will be very busy today and have a lot on your plate,so I appreciate your consideration of my email below.

I note in your email below that you hoped to double our money from the MON investment. This obviously isn't going to happen, all I am now concerned about is the protection of my investment in TTY, as I'm sure you are.

To this end I was hoping that you could shed some light on what the strategy is going forward in relation to MON? I desperately hope that you aren't considering TTY for stumping up more money to help fund Mt Magnet? As noted by strong supporters of yours, Euroz, that MON doesn't make sense.

I would feel very much at ease to hear some clear idea of how TTY isgoing to extricate itself from MON and focus on building your stated
strategy of being a carbon steel manufacturer.

Thank you
ChrisWR