good try andrew michelmore

Avebury needs huge funding: Zinifex
THE AGE January 6, 2008 - 3:04PM

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AdvertisementZinc miner Zinifex Ltd says Allegiance Mining NL's flagship project in Tasmania will require significant funding to realise its full potential, calling on the nickel hopeful's shareholders to accept a takeover offer.

The zinc miner has launched a two tiered all-cash takeover bid for Allegiance, valued at up to $745 million.

Zinifex chief executive officer elect Andrew Michelmore said the company's offer was compelling and provided Allegiance shareholders with "an immediate opportunity to realise a substantial all-cash premium for their investment".

"We also recognise that substantial additional investment will be needed to ensure that the full potential of the Avebury nickel project is realised," Mr Michelmore said in a statement.