I was of the understanding that we swapped all the shares for a...

I was of the understanding that we swapped all the shares for a 3% royalty. GXY never specifically updated the market and it was only someone spotting it an annual report. So if they force a sale at a higher price I'm not sure what happens, either we keep the royalty and the Austroid keeps the shares or they have give us fair value on the shares and the royalty goes.

I think its the former if Austroid does buy the company and has to pay a higher price. If so management stuffed up again. We will not get fair value for the shares and the royalty is based on a low price because they put a contract in with an upper limit of around $1500 a ton.