re: 9 cent placement...att longdong For starters the issue in...

re: 9 cent placement...att longdong For starters the issue in july for 9c shares was when the stock was trading at the high 8's, who would want to take them up so that argument is crap and has nothing to do with my point.

Secondly the last time gbg traded at 9c was almost 3 months ago, their average price over the last 3 months is 20c and they are currently trading at 29c

This is the shortfall you were talking about which looks to be quite different to the placement.

STOCK EXCHANGE ANNOUNCEMENT
29 August 2005
ENTITLEMENT ISSUE SHORTFALL PLACED
Gindalbie Metals Ltd (ASX Code: GBG) is pleased to announce that it has successfully placed
13,142,755 ordinary shares at 9 cents per share, being the shortfall of the 1 for 2 Entitlement
Issue that closed on 5 June 2005, to clients of Bell Potter Securities Limited to raise an
additional $1.183 million under the Entitlement Issue Prospectus.


Nice option issue here in spetember , free options when the shares are trading at 14.5c


STOCK EXCHANGE ANNOUNCEMENT
12 September 2005
ISSUE OF OPTIONS TO DIRECTORS AND SENIOR MANAGEMENT
Gindalbie Metals Ltd (ASX Code: GBG) wishes to announce that, further to the appointment of Mr
George Jones as a Non Executive Director of the Company, and the decision to divest the Company’s
gold assets to focus solely on its Blue Hills Iron Ore Project, the Company has agreed, subject to
shareholder approval, to grant 4 million options each to Mr Jones and Gindalbie’s Managing Director,
Mr David McSweeney in three tranches as set out below.
Number of
Options
Vesting Date Exercise Price Expiry Date
Tranche 1 1 million 1 December 2005 12 cents 30 September 2010
Tranche 2 1 million 31 March 2007 16 cents 30 September 2010
Tranche 3 2 million 31 March 2008 25 cents 30 September 2010
In addition, the Company has also agreed to seek shareholder approval for the issue of 600,000 options,
in three tranches, to each of the non-executive Directors of the Company as set out below.
Number of
Options
Vesting Date Exercise Price Expiry Date
Tranche 1 150,000 1 December 2005 12 cents 30 September 2010
Tranche 2 150,000 31 March 2007 16 cents 30 September 2010
Tranche 3 300,000 31 March 2008 25 cents 30 September 2010
The Company has also agreed to seek shareholder approval for the issue of employee options to the
Chief Financial Officer & Company Secretary, Mr Darren Gordon and the Operations Manager, Mr
Andrew Munckton as part of the Company’s overall strategy of retaining its senior management team
during the development of the Blue Hills Iron Ore Project.


Ps I am not in GBG , you guys have been bent over and screwed and you dont even realise hahahaha