This blog discusses it a little.
http://www.yourwealthwatch.com.au/Blog/tabid/79/EntryId/18/Bright-Star-Resources-New-Management-New-Name-and-a-New-Direction.aspx
Basically the way I see it, even if they get a sale and funds for Challenger and other assets, I believe they'll still be completing a raising. Don't be surprised if some of the buying is in support of it.
Disclaimer: My position is indirect.
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