go conti, page-66

fluffynymph,

Interesting to read your comments. You obviously fall into the category of people who post on a company without fully knowing what they are saying. To say that Conti are handing out shares and options like confetti is a complete nonsence. The only new shares being issued are 60,000,000 to Park End for facilitating the aquisition of Mashala and 98,181,819 to the old BEE partner Bruce Buthelizi which in turn brings $20-$30 million into the Conti kitty by way of a new BEE partner. A future contributing partner at that, rather than the set up that is in place now and Conti are paying for everything and the current BEE partner is in a sense free carried.
The $20-$30 million to come by way of new BEE partner is now sufficient funds to pay down the final monies owing for 100% controll of Mashala and will leave Conti with around $20 million in the bank. This way is alot less dilutionary to existing shareholders than if Conti had to go to market now and raise money at say 5 cents.
All other resolutions that make mention of issuing shares have already been previously issued.
Go Conti.