Last sentence interesting. Ups to odds that a deal could be close!!
ASX ANNOUNCEMENT 13 FEBRUARY 2008 RESPONSE TO ZINIFEX ASX RELEASE Allegiance made full and immediate disclosure of trading losses Zinifex Australia Limited ('Zinifex') today made a release about Allegiance Mining NL's (Allegiance's) recent share trading losses. Allegiance has for several years conducted and made full disclosure about limited investment trading activities. Most of the recently reported share trading losses were identified after the date of Allegiance's Target's Statement, so could not have been disclosed in it as Zinifex suggests. Allegiance made full disclosure of the losses on 31 January 2008, as soon as the amount of the losses was determined, and over a week before this issue was mentioned in the press. The disclosure comprised detailed information over nine lines of text, not one line as Zinifex said today. Allegiance considers that the losses reported are the maximum amount claimed and may be less but not more. Allegiance terminated its investment activity immediately after the January losses were identified. Allegiance considers that Zinifex is using inaccurate statements about the losses and their disclosures as a diversionary tactic in the context of its opportunistic and inadequate $1.00 per share takeover bid for Allegiance. Allegiance notes the lack of traction in acceptances of Zinifex's offer which is about to enter its seventh week. Notwithstanding this Allegiance remains prepared to discuss with Zinifex improvements to the terms of its bid. Tony Howland-Rose MSc, DIC, FGS, FIMMM, FAusIMM, MAICD, FAIG, CEng Chairman For Further Information Contact: Media: Stuart Carson, Third Person, 0403 527 755 Shareholders: Information line on 1300 135 871 (foreign holders please dial +61 3 9415 4395)
AGM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
