I think 1 to 10 would be fine. I think that it will be very professionally done and will take the form of a prospectus setting out future plans incl.drilling schedule etc. I think it will include both new shares and options based on realistic outcomes. I dont think that the CR will have to be deeply discounted like we have seen in the past. Money is required to grow the company not to just to keep it's head above water. The cash flow from condensate sales go a long way to paying the overheads. A decent prospectus will attract institutional investors who tend to be long term holders which is also positive. All good imo and cant wait to see it all happen soon. The new Board have already indicated that CR may be better than farm out. I agree.
EGO Price at posting:
1.4¢ Sentiment: ST Buy Disclosure: Held