Ann: Cardinal to Undertake Capital Raising, page-14

agree hedrox.... register tight.... I'm estimating 47% + now owned now institutions...please note not updated, so may not be accurate...

	Column 1	Column 2	Column 3
1	Directors		5.50%
2	1832 Asset Management L.P (Dynamic Fund)		10.85%
3	Precious Capital Global Mining and Metals Fund		4.9%
4	Macquarie Bank		4.20%
5	US Global		3.90%
6	Colonial First State		3.00%
7	Van Eck		8.49%
8	GoldFields		6.4%
9
10			47%