well they aren't issuing now but down the track there's a real chance they'll dilute. If they don't have the 3m cash when due, CR will be done for that money (dilution) OR if the share price is 'in the money' for Con note holders, they'll just convert to stock and sell (dilution)
Ann: Torian Secures Funding to Settle on Tarmoola Station, page-23
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