The May 6th closing share price of $0.08 per shares (p/s) represents a significant discount based on the listing price of $0.20 p/s. The starting offer of $140 million from Shandong is equivalent to $0.27 p/s, although it must be pointed out that the final price will be settled after completion of final valuations. The Board of Directors have agreed that an offer or valuation of $140 million or more would be considered and that a higher valuation following the completion of the valuation process,is likely.