Ann: Appointment of New Director-MIZ.AX, page-13

I should imagine at least 10:1, to make 3-400M shares before new raising. Perhaps, though, they'll go the whole hog and opt for up to 30:1, giving more like 100M. That would make the company sound very sophisticated, with such a small number on issue for a company owning a mill already. Not so good for us, though, since the more consolidation the more room for a SP fall. I'd say quite a few holders would love no consolidation at all, so the SP couldn't fall, and just maybe they'd be able to get out at the price we left off at, i.e., 0.1c. Whatever happens let's just hope they can finally make this work.