Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: GeoDude who wrote (20151)	9/11/2003 6:09:08 PM
From: TrueScouse	Read Replies (1) of 39344

LIA: Re EZM: <<Only problem is that fully diluted it has 300 million shares ...>> I'm not sure it's quite that many! They show about 70 m. outstanding and then there's all the convertible debt with RCF. I don't understand just how many shares that would represent. The EZM PR guy suggested that if they can do a deal to start up the mine again (if zinc goes above $0.45), then cash flow would be used to pay down the debt rather than equity. But I've no idea if this is feasible. <<Another good Zn bet with upside is CZN. Check them out.>> Will do! Thanks. Regards, Howy

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