This is Mr Lincoln Augustus, first second cousin of HolymagimanI...

This is Mr Lincoln Augustus, first second cousin of Holymagiman

I notice that Linc had started accumulating Sapex shares from early April 2008 (refer Sapex notice to share-holders on 10th June 2008)

Coincidentally, I also notice that a substantial shareholder selling notice was posted by Sapex on 11 April 2008. So it was very good timing for Linc to be buying then.

Now Linc has managed to get Sapex Board approval to take over Sapex at what some existing Sapex shareholders consider to be unusually favourable terms for Linc, just when we believed that things were all clicking into place for Sapex

It is such a shame that the Sapex Board was not aware of anything brewing in these last few months. They must have been very busy getting exploration going, getting siesmic studies done and everything else organised so that Sapex could be a very valuable company in the near future. Truly they were very busy people.

It is a fact that when people are very busy doing the grand things and painting the big picture, little things like the increasing turnover of the company's shares tend to be overlooked, and the fact that someone was accumulating their shares must have somehow escaped their eyes.

But I am most impressed that they were able to perform due diligence studies and recommend that shareholders accept the Linc deal so quickly, after Linc made the approach early this week. Or maybe they have been negotiating on our behalf for a longer time to get us the 72 cents.

Whichever the way it was, I will never forget the names of the Sapex Board which managed to get such a good deal for its shareholders. Not many companies can claim to have a board equal to this Sapex board.

It is most enlightening to know that the Sapex Board considers 72 cents to be a very good price for a Sapex share in this climate where Coal seam gas prices have suddenly escalated tremendously and underground coal gassification is becoming more practical. They must have worked really really hard to extract such a good outcome for us miserable Sapex share-holders.

It is very good to know that the Sapex Board expects that the Linc share price is going to drop in the future. If not, why else would the Sapex board be locking the Sapex price in this deal to 72 cents, but not locking in the Linc price to the price on the day of the Trading Halt.

To my simple way of thinking, the Sapex Board is looking after all us Sapex shareholders really well, and the only reason they have not tied down the Linc/Sapex ratio today is because they expect the Linc price to tank.

I feel so sorry for the Linc Board and Linc shareholders that they had to deal with such astute and honourable people as the Sapex Board, who have firstly and foremostly put their shareholders' interest in front of all else in this takeover or merger deal.

I am hoping that some of the Sapex Board will be invited to join the Linc Board (with suitable renumeration and perhaps even share incentives) by and by, so that they can eventually bestow the same kindness and intergrity to Linc shareholders as they have bestowed on us lucky Sapex shareholders.

SAP EX... the name of one company whose shares I have owned which I will always remember and talk about.