that is my point, preempt,
when the 2007 oppies get excercised, consort can excercise their allotment of 575mil, 2010 ops and keep under the 20% threshhold. If there is a future cap raising (say in 2 years), and because of the placement, consort comes down to 18% due to dilution, they can excersise some of their 2010's (they get 225mil more subject to first hydrocarbon well being drilled).
the 2010 oppies can be used to keep topping up consorts share of the heads to 19.99%. I am sure there will be some sorts of capital raising via placements over the next 3 years.
one thing I am not sure about is how they plan to keep under 20% with the 900mil heads they will get subject to the first well being drilled. Appreciate any feedback on this theory. and its a good explanation of why 2010 oppies are being issued to consort.
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