Hi FY, all pretty standard terms and nice uplift for current holders, assuming the deal goes through in its current form, no market deterioration etc. For CPS to back $3m at 1.5c equiv, you'd think maybe some reasonable news between now and May.
What's more interesting to me is the ASX seeming to relax the Listing Rules somewhat and allow o&g shells to trade after an announcement that involves a substantial change in nature of business. Makes me think twice about having a bite at some of these o&g shells with proven dealmakers and low EV. Anyway, well done and hopefully worth the wait for everyone.
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