what will happen, page-25

Don't they dilute by NOT taking up the offer?

The AGP point is interesting though - as they still have not announced to their SH that the con note is not going ahead...

That said, neither did they mention ANYTHING regarding Mundo in their prelim 2009 report... which may support a theory that it's floating in the background...

http://www.anglopacificgroup.com/i/pdf/APGPrelimsResults2009.pdf

If that's the case, i guess it could lend weight to the strength of the relationship... and it might explain why there has been very little in the way of formal announcement regarding the matter. Time will tell.

Cheers