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re: qtrly out .. sinbin.., page-2

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    re: qtrly out .. sinbin.. c/n's are to be issued at a price of the average 5 days trading before lodgement of prospectus at plus a premium of 30% at a rate of 8%.

    cartesian capital are doing the c/n's and sp thre placement.

    sp are doing the placement and i reckon we've got buckley's.

    however we do know the details ot the c/n's.

    of more interest to me are the performance rights they are proposing for themselves.

    talk about sucking the trough dry!

    anyway eventual issye of up to 600mil shares will give 1.3b on issue. at 40 cents thats only a market cat $520mil, which will be conservative when in full production and providing zinc proce holds over $3,000
 
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