Ann: Large independent shareholders support merger, page-5

No mate, I am not paid by anyone, save your stupid comments and finally grow up and return to a factual discussion!

I only take care of my money and try to make the best of it.

That's also why I've been a shareholder of MLR for years and also a shareholder of MLM for a few months now.

You always talk about the immense debts on the part of MLR and about "your" money, which you think you will lose through the merger.

But the fact is that "your" money came about because the Sconi project was sold.

This is also the original business model of an explorer to develop real estate and then sell it to producers for a lot of money.

Without this sale, MLM would either have had to issue new shares or file for bankruptcy because there was no other source of income.

It's a misconception that MLR is targeting the "money from MLM", because the merger serves MLR to enter the ASX and nothing else!

Each of the two companies must bring its own projects into production, so that the joint company then generates enough money to either tackle new projects or make further acquisitions (organic growth) possible, without external financing!

MLR will earn its own money to support its (own) production financing through the already started production and the sale of Ilmenite and Apatite.

The money of MLM will not be touched!

Also the statements here in the board about the immense debts on the part of MLR are simply wrong, because MLR has an advance payment of 2.5 mio USD from Heinan Wenshang on the later purchase quantity (fixed purchase agreement for 5 years for 60% of the ilmenite production), the second instalment for further 2.5 mio USD is due after the first delivery.

But here we have easily included this 5 mio USD as debt in order to build the Moravian from the bad reverse takeover from Canada!

MLM can approach the bauxite project in peace and quiet and lead to success through the cash flow generated by MLR or even with their Money of 6 mio AUD.

However, one must not overlook that MLM "only" owns 50% of the bauxite project and therefore 2 tons each have to be produced and sold so that one can write the money for 1 ton of sold bauxite in his books!

After that both units will pay into the common pot to strengthen the financial power of the (common) society and to generate enough money to have a healthy - especially for us shareholders - financial cushion to grow organically.

The opponents of the merger always talk about MLR only wanting the money from MLM to pay their own debts and like to mix the facts to push their noble goal, the market value for MLM shareholders (alone).

So if the merger once is approved by 2/3 of the MLM shareholders, it would only be logical if the opponents of the merger throw all (!) of their shares onto the market, since they can no longer identify with the value.

This would cause a temporary collapse of the share price.

I would then increase my share considerably, as I am in favour of the merger and could considerably reduce my admission price.

Everyone needs to know what he/she is doing and not always want to hypocritically influence the rest of the pack.

That is my opinion!

Greetings & good Luck 2 every1!

PIBO