declines tse mbl offer, page-11

Hi Shania

Maybe we could petition Cliff Lawrenson to do an interview with Boardroom Radio on the presentation, and his views on drivers of the share price fall. His last interviw (May 2007) is interesting listening.

I'll send an email!

BTW, maybe the current price is a more reasonable reflection of the company's performance. The co's now on a forward PE for 2008 of about 14.

And I'm not sure how I feel about a dividend that's higher than EPS. Any thoughts?

Lojsan