Ann: Non-Binding Term Sheet and Exclusivity Signed with SUMMIT, page-8

To raise the funding there was always going to be dilution. What did someone think Gina Rinhart was going to come along and say here's 500 mill pay me back on payday. They could of already flogged the company for 34 cents if that's the route they wanted by I'm optimistic enough to see they can see the prize. With what there profit margin can be even in this climate let alone when the potash price rises it's actually an ok dilution