oversold $$$, page-22

re: ready to do a whale breach My take on it is that the dividend will be paid before the end of June 2006 because that way they can get the share price up to where they can start using capitalisation financing techniques for the Lithium project - and maybe issue some junk bonds for medium term financing...They will have USD EBIT of $7m in the bank and I think they won't be paying tax for 3 years as they have substanital c/f income tax losses.

at 465m shares 6 million payout ration $A = 1.2 cents a share at twiggies p/e of 14 that's over 25 cents a share on a p/e basis.