Ann: Drilling Shows Continuity Between China and Meingtha Lodes, page-21

City,

I'd have to brush up on the take over laws but I believe if Perilya was to go much higher they'd have to make an offer. And of course that can't happen until mid 2020 (2 yr stand still agreement in place between Perilya and MYL). Mind you as a share holder I'm happy to see MYL mine it and grow the resource or be taken out at an attractive premium. Given Bawdwin has 2 local partners I doubt the government would be concerned by who the MYL share holders ultimately were. I'd sell mine for a fair value in 18 months time. That gives MYL plenty of time to continue with the process of discovering a larger resource and converting more pit waste to ore as well