Ann: Waiver of 80% minimum acceptance condition o, page-10

re: Ann: Waiver of 80% minimum acceptance con... I was under the impression that if the take over offer is cancelled then they have to start again. All those shareholders that have have accepted the offer previously are no longer bound to go ahead with $1.50 plus worthless shares in WNI. This is why they have to keep going with the result that the share price has to go up.

Any revised cash offer would need to be at minimum of $6 plus which is the reflective of the current and true value of BRM. With rail, Equity Partners, Revised increased production and other matters going on behind the scenes that minority shareholders are not being informed about the share price will be worth a lot more that $6.