Ann: Dividend Reinvestment Plan - Allocation Price, page-2

I have a lot of faith in the future of the Koolan Island operations, ( having been with MGX since the Aztec start-up ) and believe the "market manipulators" will fluctuate our share price considerably between now and the recommencement of high quality ore shipping from Koolan ...., as long as "the wall" remains intact.

So why would I or anyone else consider paying 48.4 cents per share, when a day before the DRP recommencement Announcement the SP was 44.5 cents. It has been suggested here at HC that the SP may well go back towards .43 cents particularly since the dividend record date has passed and games being played on the ASX by some manipulators???.

Disappointed that their is no real incentive or reward, ( IMO ) for loyal long term shareholders to reinvest their dividend ? ......, ( a "whopping" 2% discount on the 5 day average from August 16).

At 48.4 cents per share, the cynical me believes that the DRP price has been conveniently determined over the last weeks SP, (which includes a near 12 month high and a .03 cent dividend Announcement) I will probably take my very reasonable chance of buying at a better price than this on market with a small brokerage fee.

I would be curious to know if our directors who have shares and major investors will be participating.
Ah well we have till October 1st to decide so will wait and see if there is any benfit.

Good luck to all.

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NT.
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