takeover bid, page-2

Hi Samt75 - Hard for me to say if this is a good deal or not as I don't know a whole lot about MAS. I have a lot of good things to say about MIN though. I have held them since POL was in a similar situation as MAS last year - we were offered shares in MIN and eventually a little cash for our POL shares.

MIN has been on an acquisition/partnership binge over they last few months as they are trying to become bulk exporters of steel making products (eg iron ore and manganese). I feel a lot of the value they are tapping into is not yet reflected in their share price. They should begin exporting IO from two of POL's assets later this year.

MIN is good at what they do and have a lot of financial flexibility to get new projects up. I think that if POL had developed their assets themselves, shareholders would have benefited more than the deal we eventually got. Maybe I should put that 'if' in capitals. Given the constraint of available funding, POL developing the assets on their own was not a given. Having MIN take over gives a lot more certainty, and hence not quite as big an upside.

It may not be the same with MAS. I think that MIN is interested in the processing technology perhaps more so than the manganese assets (could be wrong) and developing an asset that may otherwise not be developed. Where is looks like MAS can benefit from becoming part of MIN is access to a whole, whole lot more manganese.

Probably the best thing to do now is sit back and wait. There should be a lot more information come available about the deal and the benefits to MAS holders. They may even due an independent evaluation to see if it is fair and reasonable (I don't think they are required to yet). Also, go to the MIN website and read some of the research on the company. Last I looked there were I think 3 relatively recent reports that would give you a good idea about MIN what they do, and what they could be worth.