Hap Hi Esra, Happy to share what we know (which isn't that...

Hap

Hi Esra, Happy to share what we know (which isn't that much)!

The Chairman admitted to a significant shareholder earlier this year that AML had had approaches from quite a few of the big boys for information and access to a data room etc. but that he had rejected their advances.

We don't know what the bigger miner's intentions were but clearly AML is not as under the radar to the mining industry as it is to investors (despite mgmt's attempts to keep it hidden from everyone imo)!

We would speculate that their intention was to look under the hood in order to start the due diligence necessary for a big company with a proper Board and proper executive overview to launch a takeover?

Now what the Chairman then said was interesting. He said that in his view it was too early to sell before the full extent of the Walford Creek deposit had been determined.

Now at face value, this seems a reasonable point of view.

However, with the knowledge of the now demonstrated facts of the Board's very close, (symbiotic?) relationship to OCP, which a few of the other HC posters have expressed amazement and disdain over, we wonder what the true motive in rejecting these advances was?

In particular, if there is a closed shop takeover offer that excludes other companies from doing due diligence and participating in, then, we think all hell would break loose with SHs seeking relief from the regulators, the courts and the criminal justice system (and bear in mind that we have access to a lot more information than we can share here)...

Hope this helps? (marfis you might care to make contact via AMLSHgroup1.com.au?)

Prawnman, you obviously don't like it when we criticise mgmt for what we (and a lot of other SHs) think are very valid reasons, but you have no issue in repeatedly criticising us?

We have written many posts about the resource and why we think, based on the drilling and resource fundamentals, that the SP should be well North of $1 (in fact, North of $2...).

Our back of the envelope calculations have a contained metal estimate of A$20Billion+ and we believe it to be one of the best new discoveries in the world in the last ten or twenty years.

However, normal market forces are not at play here largely, we believe, for the reasons we have pointed out. Excellent assay results are being ignored mainly because AML is so far under the radar with relatively few people following it and the SP is continually being manipulated imo (and in a lot of other SHs opinion)

As we have posted before (and you choose to ignore), our group has written well researched proposals to the Board for cost effective promotion of the resource which we believe would greatly increase the awareness of the resource (and hence the SP). Despite the fact that the proposals were written by experts who put a lot of time into writing them, for the benefit of all SHs, the Board wouldn't even acknowledge receipt let alone consider or implement.

Again, this is not down ramping!

We are now of the firm view based on our actual, continued experience of butting our heads against the Boards' brick wall that they really DON'T WANT TO PROMOTE the resource.

Perhaps you might offer up a reason for this Prawnman?

We have also written to Matt Boulsen, who as a result of our efforts, now covers AML in his very good and widely circulated, monthly international cobalt newsletter (it would just be really nice Matt if your table of the top 20 Cobalt resources in Australia included Walford Creek towards the top as it deserves to be instead of not there at all as you currently have it!). We have also written to the Tesla Board and the International Cobalt Institute in London about AML and ideas for promoting responsibly sourced Cobalt from AML.

Again, this is not 'down ramping' Prawnman. We are doing whatever we can to try to fix the biggest and smelliest problems and if we are even vaguely successful all SHs should benefit enormously. In fact we have spent many hundreds of hours doing our best - but hey feel free to criticise as is your right...

We believe that there is most probably a time sensitive need to act now before OCP gain majority control (and they are only 3 or 4 % points off that).

Anyone else that would like to help: [email protected]