Ann: Northern Star makes $150M offer for 49% stake in EKJV, page-29

You have no idea and you are 100% wrong.

NST do not cover RND and TBR’s costs. Mining costs and all capital developments costs are shared equally under the proportionate JV interests and always have been. If ore is treated at one of NST’s mills, NST charge RND/TRB a toll treatimg fee. As per RND/TBR’s latest quarterly report about 50,000t of their ore has now started to be treated at an independent third party mill as in has been in the past on occasions. At times under the EKJV when Barrick were operators RND/TBR treated all their ore at third party mills.

Thanks however for highlighting that the market value of the companies is $408 million. NST’s offer is desperately short of the market values of the companies and the government should be investigating how this can happen and how B.B. can claim in his announcemt that

“In light of the Panel’s declaration, Northern Star believes its offer is a fair and sensible outcome for Tribune and Rand shareholders.”

Fair and sensible!! How is an offer at a 62% discount to the prices the companies are trading at fair and sensible?

Do you think if B.B got an offer for NST that discounted it’s market price by 62% he would call it fair and sensible.

As I said there needs to be an urgent enquiry into this whole affair and not by ASIC as they are complicit in what is being attempted here. We need a senate committee to look at how the takeover panel has been used here to attempt to rob the shareholders of RND anTBR. Anton needs to take this to the Federal court and lift the lid on what’s happening. An urgent injunction is what is required first of all. He has always fought hard for RND/TBR shareholders within the JV, he needs to step up and fight this corporate nonsense or he is going down in history as the guy who got rolled over. No amount of money that you have made will lift that stain. Work you’re whole life for these two companies to get rolled over by a boy who was literally 10 years old when you started RND and TBR, WOW. Esh