Received 2 replies from broker. see below."My Iress screen says...

Received 2 replies from broker. see below.

"My Iress screen says there is 62.671m shares free float and 250m ordinary fully paid shares that are restricted. Some performance rights as well.

Whilst the 250m is restricted....they are ordinary fully paid so the total is 312.671m shares on issue by my reckoning. You can't just forget the guys that own 82% of the company!!

Free floats only relevant for making it onto Indexes and stuff like that.

$57m divided by 312m shares = abt 18cps.

Client is correct".

2nd reply.
First Listed Date : 06-Aug-2008
Last Listed Date :
Suspension Date :
Currency : AUD
ISIN : AU000000IVA2
Sub-Industry : Metals & Mining - 151040
Quoted Shares On Issue : 62671128
Market Cap $ : 125968967.28
Other Securities on Issue : Yes


cash backing 57.5 million as per last quarterly