Ann: Carbine to acquire Cockatoo Iron NL, page-9

So, 300 mil shares go to Cranston through Kingslake? does this make him a controlling entity for CRB? Interesting times. I guess they are trying to achieve a DSO iron ore business which has failed in the past. Pssmore retains his 18% or what ever.

Where is walter in all this?

What I dont get is that its taken them 7 months to get to here and ir appears they have signed a binding agreement without all the info, ie debt, native title, tenements. WTF?

BUT AMCI want in and are prepared to put cash so what is really going on?