Ann: Updates on the progress of the Dingyi Offer , page-10

re: Ann: Updates on the progress of the Dingy... Just to confirm (as others have) they both have the opportunity to rescind FROM 1/8/2013. I was ready to pull the sell trigger this morning if they pulled the pin.

Dingyi has convinced ELM of their bona fides re seeking SEHK approval but realistically the breakup of the Russian Cartel would cause reconsideration of numbers.

I have become much more familiar with the potash market today(!) and realistically this has added to the uncertainty of the deal and the price certainly reflects this (65% gain if takeover occurs).