Ann: Shareholder Request for Meeting, page-45

Hi all,

I searched on google and sent him an sms. He called me back about 30 minutes later.  You can do the same if you wish.

http://www.nerofund.com.au/contact/

Regis is the most logical developer and producer for the mine. They specialise in low grade mines and have another mine they could transfer (it was in a conference call on another thread which I will try to find tonight for everyone). 

If Nero controlled the board, they could sell the asset to Regis leaving a shell company holding the money. That is not ideal as we would all rather get capital gains than dividends from a tax point of view. I think that is how they hope to get HP to agree. 

The previous board unanimously thought the Regis bid was good for shareholders. It’s hard to argue that they should increase the bid significantly as a result.