40,000,000 MAY shares as at 29 September is approximately worth $2.6M, with speckies, you get 50% LVR, so loan is approximately $5.2M, but I think AP will only spend about $100k on MAY shares, I don’t remember him spending more than that in the past 3 years, also he has enough MAY shares, silly to have all your eggs in one basket, you never know, Roch may have whispered in his ears about a gas play in Zimbabwe or east coast of NSW or a lithium play hehehe
Ann: Change of Directors Interest - A Purcell, page-84
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