gir holders to receive free zinc co shares, page-4

I agree. The market has not picked up that within the next month or so, GIR will be distributing 32Million shares in Zinc Co ltd.

Holders of GIR at the Ex date will be entitled to approximately 1 ZNC share for every 4.9 GIR shares held.

At a current price of 53 cents for ZNC, this equates to about 10.8 cents per GIR share.

You must be a share holder of GIR at the Ex date to receive the ZNC shares.

Of course if you continue to hold GIR you can get priority entitlement to participate in the new Carpentaria float.

These are all benefiting GIR shareholders while we wait on results from Lake Frome which could be released within the new month or so.

When the market wakes up to the above, GIR should move to new highs.

Cheers