re: Ann: Consolidated Financial Statements Y/... Per the last substantial shareholder notice in late 2011 ERM had 24.169m shares for 7.16% of the company.
Now they have 31.841m shares for 8.13% of the company.
Less than a 1% change so no need for am ASX change in interest notice.
So, it seems ERM were granted 8m shares whilst LNG were granted only 500,000.
Assuming the company has ultimate discretion as to who gets what in the insto offering and based on reports the offer was way over subscrived its interesting that the allocation for ERM was so much more than LNG.
Perhaps a ploy by management to smoke out LNGs intentions, or to make them buy on market to support the SP during the SPP period?
ERM arent going away, Im sure for them they arent concerned about the investment performance of their investment they are more more concerned with positioning for the resource.
What will LNG do now?
Ann: Consolidated Financial Statements Y/E 30 Jun, page-6
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