Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7

They aren’t even providing 50% of the new equity capital, let alone coming close to owning >50%. It’s simply not physically possible for them to own >50% on this basis unless they are issued with a ridiculous number of shares in return for Southey as well, which I haven’t done the maths, but off the top of my head, I can’t see how that happens?

Yankuang Energy intends to provide up to US$90 million to support the Cornerstone Placement with
the other strategic investors providing at least US$130 million. In the event the other strategic investors subscribe for more than US$130 million before signing of final agreement or completion of the Cornerstone Placement, the amount subscribed by Yankuang Energy will reduce accordingly.