Ann: POSCO Transaction Complete, page-68

"The game is obvious. Management wants a cheap TO."

Just stop and think about what you are saying for a second.....

The whole board have a vested interest in the share price rising as high as possible. They have significant skin in the game. Add in the options exercisable at $2.78 per share and what you are say above is either naive or you a sheep in wolves clothing (which many have alluded to in the past).

The final hurdle for the option to trigger is a decision to develop either JB or SDV. I can assure you management are working in the shareholders best interest.

I think you should be aware that if you are in fact a long term holder, your postings are not helping your holding one bit.