zinc co closes early: heavily oversbuscribed, page-3

i've actually taken a week off, so don't have any info directly to share... however,

in the UTO float, allocations on the public float were done on a first come first serve basis.

I know this not only from speaking to the company, but from personal experience. I originally submitted 2 applications for $5,000 worth on UTO in week one (both of which got accepted, but knocked back to $2k), and then a further 3 applications for in week two (which I was sent refund cheques for.)

A simple way to determine whether you got an allocation or not is to look at your bank statements and see whether or not they have banked your application monies. If they have, then you would be a pretty fair chance of getting the minimum $2k worth. If they haven't, then expect a refund cheque.

I applied earlier on the public float also, not only for myself, but for friends and family. All of those who I sent cheques in early for have had the cheques banked, so I am expecting a minimum allocation via the public.

Another thing worth mentioning is that, all GIR shareholders were sent prospectuses for Zinc Co. However, only the GIR shareholders who held 10,000 or more GIR shares at the cut off date, received prospectus that were "stamped" with a red star. My suspicion is that these "stamps" were a flag to the Security Transfer Registry to process these applications first as a priority on the public float.

Now, I know that making this comment is going to cause an upcry from shareholders who do not hold over 10,000 shares in GIR, but at the end of the day, the company needs to look after the bigger guys, who are prepared to take a position in the future of this company, and if that is the case, then I applaud management.

The Directors at GIR are amongst the most honest, hard working and credible resource management team out there. In fact, they are so credible, that at times, I think they could take opportunities to push the envelope to help out the share price - which, to their credit they do not do.

At the end of the day, Giralia has now established itself as a fair dinkum IRON ORE and URANIUM play... and these are two of the hottest commodities going around at the moment.

Their interests in listed companies totals over $40m (PMH, UTO, RHI, HAZ, and soon ZNC). So the market is basically valuing the rest of the company at about $60m.

If you think a company that has such massive prospectus of uranium at Lake Frome, a near 200,000 oz gold resource that is shallow surface and easy to mine at Snake Well, and a package of some of the best iron ore tenements in the country is cheap at $60m, then the equation becomes pretty simple.....