article in the age, page-9

Thanks Zinc, at least you have the info..

Dilute obviously if they are converted in 2012 (using your info) however it means from a simple valuation point of view that they do not have $350M clear but instead an underlying $265M

So thats 265M / 155M shares outstanding gets me to 1.70, but least that now got a value of 50cents for the existing business.

Personally I think that when production numbers are confirmed and are an improvement to existing this stock will / should go back up strongly.

Can the notes be converted early?