Brunette,
With all due respects, perhaps you need to read the announcement dated 13/8/04.
The .32 cent issue is for Gravity Diamonds. Gravity Capital is splitting into two entities. A one for one share placement is to be issued to GRN holders for the separate company Stellar Resources.
Stellar Resources will have a cash backing of .133 cents.
BHP B is effectively valuing Gravity Diamonds on its own at .32 cents. As a GRN S/H you will receive equal portion in Stellar Resources, as mentioned with a cash backing of .13 cents.
If you need furhter clarification the company itself will be happy to answer questions.
GRN
gravity diamonds limited
