who will jump on this float ??

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    Details of a big sharemarket float in the Australian resources sector has been announced.

    The rump of the failed zinc miner, Pasminco, is to return to the boards of the Australian Stock Exchange (ASX) under the name Zinifex.

    Fine hundred million shares are being offered to the investing public at between $2.10 and $2.70, that values the operator of the Century Mine in Queensland at up to $1.35 billion.

    Pasminco collapsed in 2001, owing almost $2.8 billion to financiers amid currency hedging problems and depressed metal prices.

    Dave R.
 
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