half year report, page-14

re: z zinc and jeb, cant remember what they said in the article in the fin reveiw about funding.

If the assets are there then i feel they prob do am mixture of debt and equity .

i.e more placements to korea zinc etc. and they will have v good cashflow from their existing plants to service the debt on the mangana.

I have two bets and they are only bets, I have been told nothing.

1) someone takes them over . as major resoucres in need of capital to get them out of the ground . even if they paid 1.50 or 2.00 per share .we will see once they get down the exploration track.Remember potentail bidders a re valuing companies by whats in the ground .

2) they do exactly the same with mangana they same way they did mt garnet .


anyway lets see .


i have a rice tgt of 1.50 then will revisit it