Just read an article pubished by the West Australian News dated...

Just read an article pubished by the West Australian News dated 4/4/08. There was an extensive list of West Australian junior minors so far identified in the Opes prime sell off. WME was not amongst them. Thought you might be interested in seeing the list:


A list of some WA companies impacted by the collapse of Opes Prime is below.

Alchemy Resources: believes about three per cent of its issued share capital may be held under Opes margin lending facilities

Balkans Gold: had 35,000 shares in an ANZ nominees account which it said could be up for sale. The company expects this to have little impact on its share price.

Batavia Mining: understands third parties may have the right to sell 7.7 million shares, or 6.3 per cent of its issued capital. Directors believe some shares may already have been sold on market. The company has never received substantial shareholder notices in relation to this stake.

Blackham Resources: believes about 3.3 per cent of issued capital, about 1 million shares, may be affected by the Opes margin lending facilities, with director Bryan Dixon holding 70,000 of them.

Buka Gold: believes about 2.3 million shares, or 3.9 per cent of issued capital, may be subject to Opes margin lending facilities.

Carnavale Resources: confirmed ANZ Nominees holds 1.8 million shares, or 2.8 per cent of issued capital, on behalf of Opes Prime, but said it could not confirm the shares were subject to margin lending.

Catalyst Metals: has identified two holdings which could be linked to Opes, containing 1.6 million shares or 6.9 per cent of total issued capital. Of those shares, 1.3 million, or 5.4 per cent of total issued capital were held by directors Nathan McMahon and Bryan Dixon.

ComTel Corporation: estimates 10.5 million of its shares, 7.9 per cent of total issued capital, are affected by Opes Prime lending facilities, with 1.5 million held by managing director David Sweet. The company has since announced that all shares subject to the facility have been sold.

Hodges Resources: believes 2.9 million shares, or 6.3 per cent of total issued capital may be linked to Opes, with 2.6 million or 5.8 per cent of total issued capital linked to directors Nathan McMahon and Bryan Dixon.

Jameson Resources: confirmed 10.3 per cent of its issued capital - 2.6 million shares - were associated with Opes, but could not confirm whether they were subject to margin lending facilities. The company also confirmed its chairman, Jeff Bennett, holds 500,000 shares in the company through Opes.

Latin Gold: confirmed about 10 million shares, or six per cent, were held in the Opes Prime margin facility.

Mantle Mining Corporation: believes 2.8 million, shares, or 5.1 per cent, may be affected by the Opes collapse.

Metals Australia: has confirmed the 6.6 million shares offered for sale following the collapse of Opes Prime were all sold on the open market.

Mount Burgess Mining: said 14.1 million shares, or five per cent of total issued capital could be involved in Opes.

Newera Uranium: said 9.2 million shares, or 20.3 per cent of its issued capital could be impacted.

Red Fork Energy: confirmed 12.9 million shares, or 14.1 per cent of total issued share capital held by ANZ Nominees on behalf of Opes were placed with existing shareholders and domestic and international institutions.

Reed Resources: confirmed that Perth broking firm Montagu Stockbrokers had bought a share stake held by Opes on market, on behalf of their clients.

Rockeby Biomed: confirmed that the stake of managing director Tan Sze Wee, 39.3 million shares or 5.7 per cent of the company, was currently held by ANZ Nominees.

Sunset Energy: said 1.6 million shares, or 6.4 per cent, of its shares were held by ANZ Nominees on behalf of Opes Prime, but could not confirm that they were subject to margin lending facilities.

TNG: said 16.6 million shares, 8.6 per cent of total issued capital, were subject to an agreement between Opes Prime and its customers.

Torrens Energy: confirmed 1.6 million shares, 3.3 per cent of total issued capital, were held by ANZ Nominees, though it was unable to confirm that they were subject to margin lending facilities.

Yellow Rock Resources: confirmed 4.8 million shares were held in an equity finance contract with Opes Prime, with 4.7 million being acquired at a mutually agreed price by the shareholder that held them.