spins off non coal projects, page-14

agree KN has made the right calls so far lets wait for the detail re capricorn metals i have a feeling we wont be disappointed
the 3 mill they have bank is for coal exploration BWN
funds raised for spin off will pay for exploration in capricorn leases if they turn out to be good as BWN we will be in the money
when BWN was listed shareholders were given 1 loyalty option for every share held i can see this happening with capricorn this will be a bonus
BWN 70 million shares on issue 56 million oppies expiry nov 2009 by the end of the year we will know how much coal we have what kind of coal we have and what the company is worth
i hold and look forward to detail re capricorn