needs a little push, page-4

IF FSE and GLN are to merge and IF it is to be 3 for 1, we should start to play around with some figures.

Off the top of my head (feel free to correct me):

FSE 1.3 billion shares

GLN 230 million shares

So if its a 3:1 then 1.3 billion fse will become 430 million gln which means overall GLN will have 660 million shares.

With capital raisings and converted options we could end up with close to 1 billion shares in the end but around 3 billion tonnes of coal.