Ann: Third Bidder Supplement and increase of Offer Price to $1.00, page-39

OMG!

Do you work for Taurus/Realm on an affiliate of either??

There is no disagreement on the facts about Taurus' support in heping Realm acquire the Foxleigh mine.

This was about the last time Taurus did anything to support minority shareholders.

In regards to the points you raise,

You conveniently seem to have forgotten Taurus provided 2 loan facilities, in August 2016.

In August 2017 (31/8/17 ASX announcement) Realm paid off one of the loans to Taurus. The amount, in CASH, paid was $45m. You can then add the amounts Realm paid between August 2016 and August 2017.

This loan is,
- repaid
- closed
- finished
- no longer in existence

That means cash is no longer required to go towards it.

You also seem to forget that Realm has spent around $30m in cash on new equipment in the time frame you have mentioned.

I'm not sure if you noticed, but Realm's annual report was released to the ASX at the end of March this year.

Realm's Net PROFIT was $103m.

$103 million profit.

The $1 bid values Realm at roughly $252m.

If Realm's profit is maintained, then it would pay for itself in 2.5 years. I would expect a profit well above the $103m in the next annual report.

If you want something so badly, you need to make a compelling offer to those who have what you want.

I look forward to your next reply, and your continued defence of Realm/ Taurus and the $1 a share bid.