Ann: Notices Under Section 249D of the Corporations Act, page-11

whammy, nice to see a new face, and an old holder to boot.

I realised over a year ago that Doolgunna was going to be an expensive site for RNI/AUR; one that would be better explored by SFR for a number of reasons.

I know that the 2 companies have discussed a deal for at least a few years, but one was never consummated. The story that I got was that Karl S played hard low, even offending, offers. So RNI/AUR persevered, hoping to hit the spot. In the meantime SFR could not find another deposit to feed its mine (except Monty 70/30 sfr/tlm), so my view was that AUR should 'play hard to get' with Doolgunna. I was thinking that it was a matter of the 1st one to break. Well, this Board broke. There was no need to break imo.

Anyway, it is what it is - spilt milk etc - so let's see what SFR can achieve. I am disappointed, but I get on with life as a rule; no point in dwelling etc.

Good luck Shannan and crew!