No-bear, I'm not sure that RML is so outclassed in this contest. Goldfields bought the Choco 10 assets for 425 million and sold them to RML for what was at the time 500 million plus. This asset is now producing and probably becoming more productive as we speak.

They are also backed by Goldfields and Hambro. They have stated that they will have the neccessary help to develop any KM88 assets that they obtain.

The issue is how diluted our interest would become in any buy out or merger and subsequent financing process.

I am afraid that we are at risk of serious dilution even if we develop LC ourselves. Where does the money come from and how much do we have to give up to get it?