I have just confirmed 2 of the top 5 holders will vote NO. (Written confirmation)
They know about the managanese.
Manganese - RN 48% manganese ore $/MnU 5.9 6.5 6/8/2007
ConsMin management have now been caught out lying
"Despite a growing reluctance of Chinese smelters to buy manganese ore and their drawing down of inventories, free-market ore prices are soaring. Consolidated Minerals reportedly announced that its third-quarter price will be $7.40 per Mn unit, or 12% over other high quality material."
US$7.40/dmtu is AUD$400 million gross
CSM
cosmo gold limited
consmin now is the time, page-4
Currently unlisted. Proposed listing date: TBA
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