A couple of holders have asked the question of me, suggesting...

A couple of holders have asked the question of me, suggesting that it is 75% or even 90%.

So I have confirmed the position, not that I was in any doubt, it is as hooter has stated, a simple 50% plus one share voting in favour of the asset sale. It will be an Ordinary resolution.

Indeed, there was no need for holders to be asked to approve the asset sale, but the board volunteered to go down this path.

I fear that some holders have sold in recent days, because Ivanhoe have sought to cast some doubt as to whether they will attempt to block the sale. Clearly 22.8% is not sufficient to block the sale.

Unless IVA can offer EXS holders an alternative to the proposed asset sale, there is little doubt in my mind that the asset sale will proceed.

IMO, IVA will try to trump the asset sale with a takeover bid. In the event of that offer arriving, then we will have an interesting scenario for Xstrata to consider - Do they then also make a takeover bid? All upside from here in my opinion.