sky rocketing, page-13

Jack

I also am a holder of CZA and concur with some of your thoughts.

The Euroz report does take into account the additional issue of stock to both Si's and CZA. See below for verification.

From the Euroz report:

Share Price $0.059 A$/sh
Issued Capital
FP Ord 1,270.6 m
Options @ $0.01 Dec 2008 18.3 m
Total Dil. FPOrd 1,289.0 m

Market Capitalisation $76 m
Enterprise Value $75 m
Debt (at Dec31st) nil
Cash (at Dec 31st) $1 m

The cash at hand is an issue as is the possibility of being diluted further down the track as you say.

I am however happy to be diluted if an asset is vended in that makes sense.

CZA have done this numerous times in the past to acquire their SA assets and this has not negatively affected the price to my knowledge.

All the best.

Belkin