http://hotcopper.com.au/post_threadview.asp?fid=1&tid=1938837&msg...

http://hotcopper.com.au/post_threadview.asp?fid=1&tid=1938837&msgno=9040345#9040345

extract
my speculation is IG will offload the SRZ shares after SRZ release the new JORC , they have targeted this for March quarter. The new JORC will move significant tonnage to indicated , necessary for the PFS, plus a material increase in the inferred.

The stake would logically be sold to an Asian tin smelter or trader who would become a cornerstone investor in the Zeehan project. GIP would still retain a valuable royalty over the project, if the tin price exceeds AUS$30,000 pt the royalty is 2%. proposed production is 3900 tpa which gives around $2million pa royalty. At current tin price royalty is 1%.

http://hotcopper.com.au/announcements.asp?id=528088

Extracts

• The sale of investments being part or all of the Company’s shareholding in a listed company;

• A capital raising.

2. Does the Company expect that in the future it will have negative operating cash flows similar to that reported in
the Appendix 5B and, if so, what steps has it taken to ensure that it has sufficient funds in order to continue its
operations at that rate?

The Company does not anticipate that in future it will have negative operating cash flows similar to that
reported in the December quarter Appendix 5B. It is anticipated that the increased revenue expected to be
generated from Abu Dabbab alluvial tin production will ensure that future operating cash flows are not similar
to that reported in the December quarter Appendix 5B.

The Company has conducted four rights issues in the
past few years and has always received solid support from its shareholder base. It would be confident of doing
so again if necessary.

The Company is well placed to make enormous progress in the coming year with its advanced projects in Egypt.
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Have to laugh at the ASX Gip or Gandel are not about to run out of money. They simply have enough future revenue from the tin to keep going and Gandel could keep the whole show going out of his spare change.

Seems simple common sense is absent from financial regularity authorities world wide they are missing when the brown stuff hits the fan but always ready to point out a box that has not been ticked!

It’s still in Gandel hands when the Stellar shares are going to be sold and do not see this changing in the near future though Gip could restore some confidence by saying we do not need to sell the shares as we expect plenty of dosh to come in.