re: Ann: MLI: MLI to purchase Emerald Gold Pr......

re: Ann: MLI: MLI to purchase Emerald Gold Pr... brpuffnstuff,

Because Mintails will no longer be a major shareholder of West Wits then that means Mintails are no longer entitled to be a board member of West.

If you look at their original prospectus, West Wits went off track from the original plan. I dont know why but when West Wits discovered that Emerald was a viable proposition they concentrated on that project and delayed drilling of the deeper targets. I have often complained to the company that they should have stuck to their original plans because the deep targets is where shareholders will get value from.

What West Wits has sold to Mintails is only a very small portion of the leases West Wits owns and their are more exciting targets to explore. You only need to read their prospectus from Dec 07 to realize that.

The way I read it our shares should be worth nearly 40% more than what they are now if this deal comes off. Less shares on the market so must mean that current shareholders benefit when they strike it rich with the big deeper targets.

Mintails are always quick to release announcements and in my opinion give little thought to the wording but Mintails I reckon are putting together a more detailed response to its shareholders so we are fully in the picture. It is going to be good when Mintails no longer has anything to do with West Wits. Mintails has held West Wits back in my opinion and I would never ever buy Mintails shares.