management-reply, page-3

Hi guys,

I spoke to Steve last week - probably for about 30 minutes or so - sorry should have posted a bit earlier. In point form these are some of the things we discussed:

- MNC share price is affected by the lack of investment and positive sentiment in the resource sector
- They expected a better response from the market both from the resource upgrade and the mining optimisation
- Blackrock had to sell a small % of their MNC shares due to the need to recover some capital after incurring some losses in general investments
- Bots a concern for MNC
- He bought a parcel at 6c and did not think it could get any lower....
- They have considered various forms of marketing as has been suggested by some investors - i.e. BRR, but they have not seen any real response to this.
- They are depending on the market sentiment turning around, which may take months. If the sentiment/investment is negative, they will slow down expenditure.


I suppose none of this is really ground breaking or sensitive news but worth knowing what the thoughts are coming from inside the company.

Cheers. Nick.