Ann: Lodgement of Bidders Statement by WGR , page-18

Thanks boxhillnorth.

I don't disagree about the potential for the Rover field but at this stage it is only potential. On any other valuation basis WGR falls short. Potential on it's own is hard to value.

90% is the number they're aiming for, not 50%. Long way to go.

I'm expecting our independent directors to fully endorse the offer - a meaningless exercise IMO. ASIC are watching closely which is some comfort.

And yes AAG could easily have raised $30m last capital raising IMO as a rights issue and at a higher price. I am confident of that.

Buddha would you mind checking which broker(s) have been net sellers of RUM over the last couple of weeks when you get the chance?

JT