Ann: Hanking Australia - Change in substantial holding, page-26

look at the volume traded today and follow it up over the next few days and that will indicate if there is anything happening and also follow the Hanking target statement. Those will indicate if people are still selling. IMO there are a lot of undecided shareholders out there and after all those postings they are all rallying up which is good for you all.

Beyond that point Hanking will realize what is going on and it all depend if they really want the assets. The lower they buy it the better will be their margin of profit when they offload the assets in a couple of years. Why pay 8.5C when i can offer only 0.575C. They can try to play hardball but it all depends if you as shareholders will allow them to manipulate you. Hence why i keep saying to stay together. If you do not budge they simply cannot do anything. The average they used to work out their offer since Jan 2018 is a setup. The shares traded unusually low since Jan2018 (in actual fact Nov 2017 if i want to be more precise) and yet they were waiting for their last Coolgardie permit to come through. The better were the news, the worse the share performance got. A deal was struck back then in Nov 2017.

IMO Hankings next move will be to play hardball by maintaining purchase price at 5.3C but as i said before, if no one lets go then they will have to offer better and by not settling through them, the offer of 8/8.5C will be the baseline. Hanking other option will be to walk off if they feel the plan failed at which point shareholders need to stand up and get rid of current PGO management. They will need to go if this happens.