iron ore project

Worzel/JID

If history repeats itself we'll have an announcement in the next three months on whether the option is taken up, renewed or ends.

It should end.

Shareholders have had five quarterly reports stating:

"Drilling is continuing. Results will be announced when assays become available."

If there has been drilling going on for at least 15 months would you not expect some drilling results by now? I would. I assume therefore the results have not been good. Is it compulsory for RND to release the results?

Although it doesn't say so specifically in the agreement, shareholder approval would be required for this transaction to happen so the question is can TBR vote its 43% being a related party? Unless the assays show a massive 62%+ Fe ore at AISC of less than $50/t who in their right mind is going to vote to have their shareholding down valued even further? especially when a vote against has the possibility of doubling the sp.

Any answers to the above welcomed