Ann: Central Tanami Update,NST-TAM.AX, page-24

Exactly and that is where I suspect the real issue is and that is it made Metal X look silly they they had agreed to be on the hook ("binding") when a little fish like TAM wasn't in any sense except to present the offer to shareholders - NST walk in after Metal X laid out the blueprint for them and kicked sand in their face by using a similar offer but with more cash.. for me this seems about who can p_ss the highest and Metal X has the cash to tie TAM up which also ties NST up to a degree so it sounds like tit for tat which is so ridiculous IMO......

I've read that Metal X have lost a big investor recently who'd been around for close to 10 years and the TAM deal was quoted as a possible reason - I wouldn't be happy as a shareholder either when this was so easily fixed... IF that was the reason..

Why didn't Metal X simply match NST's offer? - they didn't even need to beat it because they had already begun the whole process - its not a good look and really raises questions for Metal X I would think because the situation was so easily managable by Metal X but instead they have tried to bully from all appearances and seem hell bent on continuing........smells personal really badly IMO

Nasty Pasties........ lawyers will be the winners no doubt....