Hello,
i dig rocks for a living as some may know (as i have said it enough) the zinflex float is one i will be staying well away from.
No doubt when it first comes on there will be some pumping of the price artificaaly so some of the big dudes can sell some of their shares, now why did they agree to participate in the float, guess thay didn`t really have much choice as the money that pasminco owed to creditors was above what all the asessts could of been sold for.
It may have a new name, we are in a better resources enviroment BUT it still only has lead zinc where the real action is in nickle and copper.
There is no way i will buy one share of this company.
PS: century mine is in my back yard as i am in mt isa so i know it very well.
good luck to any who do buy some you may well make a few bucks when lists but i would say to be very quick on the sell trigger.
good hunting
cheers dave
PAS
pasminco limited
