email to bromley, page-17

He replied... hmmmm. Not much to go by...

He is my reply to his last response.

Thanks for the prompt response Greg and I have to say that I was very impressed with the shareholder update you released to the market on Tuesday!

I will admit that I did intentionally omit the Uranium announcement as I don’t think it’s a so called “selling point” for Mindax (this is obvious a personal view, though the share price movement post announcement would indicate that others share the same opinion). We all know what the WA’s government’s stance is on uranium mining, and I would be surprised if anything changes in the short term.

I have listed a few questions which I am hoping you might be able to answer though.

1) Red rock recently sold approx 850K shares on market last week. Have they given you any indication as to why they would sell down their stake yet request to under right the options? To me this seems out of character, almost like they are aware that the options are going to be out of the money come June 30th.

2) How much was recently spent by Mindax on the uranium aircore drilling program?

3) What are the exact reasons for the permits been held up with the DoIR and DIA? In a past announcement it was advised that a major element was clearance of aboriginal heritage issues’. Why was the permit approval pushed back from March to May, and could it potentially be pushed back more?

4) Would you consider the reasons low, medium or high risk as far as approval be denied or dragged out for years?

5) Is the Mt Forrest permitting approval a 100% priority for the directors of Mindax at the moment?

Thanks for your time again Greg, its much appreciated.


AND THIS is his response.

Mr ****

I appreciate your response but I’m afraid I’m not able to respond to your very detailed questions. In some instances I do not know the answer (the motivation of Red Rock for example) and in others the information you request is operational in nature and commercially confidential/sensitive (DIA) or irrelevant (program costs). Mindax has a declared strategy in place and a declared program to action that strategy. You should be aware that the Directors too have a significant stake in the Company, both financially and professionally and are committed to the growth of the company on behalf of ALL shareholders. We take our responsibilities very seriously. We exclude ourselves from trading the ebb and flow of the share price as evidence of our commitment. Outcomes and impacts of our business are declared as per our obligation to continual exposure. Again, I would urge you to seek independent professional advice regarding your investment.

Regards