great deal for pem. will this rocket now, page-44

I am off the same opinion. And Oliphant the Japanese own 28% of CBH the Chinese will own 50.1% of PEM there is a big difference one dosnt get to call the shots and one does. Yes CBH has 150 mil in debt but this isnt due until 2012 . Cbh have 60 mil in the bank to cover them hopefully till then. Does anyone know how much money this Chinese company has , we all assume heaps but has anyone bothered to check this out before they vote yes. I have worked for both companies in the last couple years and I agree that short term they are both in a spot of bother. However look alittle further into the future and can you imagine the benifets to both CBH and PEM share holders if the two merge and the zinc price rallys over the next couple years. The combined company has the potential to have atleast six mines producing that I know off and being a worker at both I can tell you there is ore at both BrokenHill and Cobar that hasnt been proven up or announced yet.