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Madrum

1,944 Posts.

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23/10/14

11:04

Post #: 14168543
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Originally posted by agentdownload ↑

quarterly out tomorrow or friday (or early next week) with eni decision due no later than tuesday and agm on next thursday (including 25% equity raising i.e. cash or 25% equity swap i.e. currently producing equity swap possible anytime from next thursday onwards for up to a 12 month period).

no word from eni suggests another extension for both heron and blackwood is in the wind - if so, this is a positive outcome with regards to on-going ES negs. That is, ENI will be pushing, imho, for 100% cash in exchange for 100% TS, heron and blackwood. i say take the low risk option which is take the cash and start again.

adl

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We'll have to wait and see, but if cash was in the wind (I'd want a royalty with that anyway), would agm still be talking equity raising?

MEO Price at posting: 3.0¢ Sentiment: Hold Disclosure: Held
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