takeover extended to 31 january 2008, page-13

Hi SP,

I was on the receiving end in the WMC/BHP take over.

Most of the WMC shares I held were pre 1985, so I got done over well and truly.
I got paid rubbish and lost the tax except status.

$90 million dollar break fee and shut down their data room, they could not get rid of the company fast enough.

Well I have no tax exempt status to loose with JBM, but I would have an ugly tax bill if I had to accept a cash offer, which I also tend to believe is too cheap.
I see strong similarities between both situations.

I see you disclose as being a holder of JBM

What is your preferred outcome, or thoughts on an alternate bid?

Regards cy7