Hi cabe,there have been a few inaccurate 'facts' reported on...

Hi cabe,

there have been a few inaccurate 'facts' reported on this board. Once filtration problems fixed capacity will be 20tn however with cash from mhi this will be expanded to 50tn by december 05. In addition to this a further 100tn expansion is planned to be online by jan 07 and a further 400tn by april 08 that is a total of 550tn of capacity by april 08.

The other inaccurate post I read recently was that once mhi comes on board cmq will 200mil shares on issue - not so. With the conversion of mhi's bonds and the conversion of the recent $2.40 options the total share capital will be 150.66mil shares. There are also some 32.9mil of other options out there, thus if these are converted then total shares on issue will be 183.56. With current sp it seems unlikely that mhi will be paying less than $1.10 for their shares therefore I doubt there will be further dilution.