If this thing ever gets formalised I propose the following:
1. Total Outstanding debt per FY11 is $212MM
2. Sell 12% of Crux interest for circa $450MM (Shell 2, Osaka 10)
3. Payout all existing obligations
4. Retain 5% of Crux Interest and redploy capital on alternative prospects/existing interests (ES etc)
5. New chairman.
Simple yet straightforward. Open to comments and criticisms.
I think we would see a share price greater than 11c
T
start again...
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