something is brewing here, page-21

Dex, you wrote "Exactly how Cougar UK and Cockatoo Coal influence the above potential scenario is beyond me at the moment" . . well don't forget India would belong to Cougar UK so only 47 per cent ish of it gets back to Cougar Energy in Aus.

Cross funding between the companies might work the same way though. My guess is that Len etc are not keen to see dilution of any great amount. So hopefully all current shareholders will still win.

Options still in the money in my opnion all the way to years end. As you say, no moire dilution and they raise $9 mil odd.