What a lot of people may have overlooked here is that if shares were allocated to consort without dilution,it would have the potential to trigger a longer road to aim
Up to a year longer.
All to do with the auditing process with the nom-ad and the asx's requirement to enquire into consorts potential for intent to takeover.
Consorts allocation although written up in the contract in such a way to be partially allocated to stay under 19.5% could still be argued as ''actually'' being over 20%
That contractual ambiguity could be argued by the asx and consort, leaving rrs in a world of hurt on a number of levels that we have all gone into before.
RRS need money and will do all that it possibly can to get the oppies over the line.
Not because it loves all oppie holders, but because it needs some dilution to ensure when it pays and allocates to consort they receive no more than 19.5% of the shares on issue.......... and lots of money for the next jv.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
