Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: 14A filing today

14A filing today

posted on Nov 24, 2009 02:20AM

http://www.sec.gov/Archives/edgar/data/1132143/000115752309008237/a6100498.htm

...In advance of the 2009 Annual Stockholders’ Meeting in Melbourne in a couple weeks on Dec. 7. Haven't had a chance to look through it yet.

Always knew it was high but never realized insiders own 78% of outstanding shares. Its beacause IFFCO (Kisan Trading) now owns 21%. I always thought it was closer to 15%. That puts the float at about 49M shares out of 226M shares. Very high level of ownership and incentive. That expains the volitility but its poised to move if it reaches the tipping point. It just needs a nudge.

Title of Class
Name
Number of Shares Owned
Percentage of
Shares (1)
Shares of Common Stock
Joseph and Stera Gutnick *
72,593,393
(2)(3)(4)(5)
31.5
Shares of Common Stock
David Tyrwhitt *
333,333
(6)
**
Shares of Common Stock
U.S. Awasthi
-
(7)
-
Shares of Common Stock
Manish Gupta
-
(8)
-
Shares of Common Stock
Allan Trench
-
(9)
-
Shares of Common Stock
Henry Herzog
884,940
(10)(11)
**
Shares of Common Stock
Peter Lee *
1,908,333
(12)
**
Shares of Common Stock
Craig Michael
616,666
(13)
**
Shares of Common Stock
Edward Walker
-
(14)
-
All officers and Directors
As a Group
76,336,891
32.7
Shares of Common Stock
Atticus European Fund Ltd.
767 Fifth Avenue –
12th Fl.
New York, NY
10153
30,629,300
(15)
13.5
Shares of Common Stock
Kisan International Trading, FZE
Emaar Business Park No.2,
Office 562,
Jebel Ali
Dubai, UAE
Post Box 261835
51,300,464
(16)
21.1
Shares of Common Stock
Soros Fund Management LLC
888 Seventh Avenue
New York, NY 10106
23,431,180
(17)
10.4
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