Ann: Update on Change of Control Approaches to En, page-6

re: Ann: Update on Change of Control Approach... So we have a board trying to maximise shareholder value and the market (traders) reacts in a perverse ST manner.

IMO the interested parties looking at "ownership control" were likely to be only valuing MDS given its advanced stage. The press leak suggested there were offers circa 60c. Irrespective of the Tim and Boards excitement about Rockwood potentially becoming a tier 1 asset (+700mt), the inferred resource won't attract any real value from "inside industry" types (read actual miners). As such this will take time to properly drill out and $$$.

Given discissions with other parties over asset transactions are well advanced I think there would be merit in suggesting this relates to MDS and involves a subset of the inside industry interested parties. Remember they have set an early-mid 2013 target to start mining. If this line of thinking is right I'd expect news in this regard over the next few months.