response to unsolicated takeover offer..., page-10

Fully agree d_crome,

Slide 15 of DMM presentation - CAPITAL RAISING.

DMM is years away from production if left as a small, go it alone operation, and current shareholders will either be further diluted or have to stump up more cash (probably at hefty discount to prevailing SP) in 2010.

Regardless of whether shareholders are currently losing money on the DMM investment, this CFE offer is likely to be as good as it gets...

So, option (1) take the 40c and move on to other investments, maybe even CFE itself

Option (2) vote no and probably be diluted later in the year or throw more of your money into DMM - that will provide no operational cash inflow for many years.

Option (3) pray for a better offer.

Cheers
John