farallon the dumper, page-5

If you look carefully thru 2005 Annual report P34 Farallon had at 20th Sept 2005 55M odd shares.

It would seem a fair bet they got these shares in float (p21 of last night's notice) at A$1.90 so they made around A$239M profit. Pretty handy you must admit.

It is a bit hard to tell but it seems they still have a fair parcel so they might just selling down their interest.

It will be interesting to see who has picked the parcel(s) and given the fact that the selling price was $10.90 and ZFX in under that right now, one would think the buyer would be holding for some time.

Cheers