Agree, my primary concern with the almost double your investment or face dilution strategy; is that the majors may be hoping many don't take up entitlement. If you wanted to take absolute control and convert to a private company down the track; then current direction would be a perfect strategy to obtain higher overall ownership with this in mind. 1/1.16 was always going to crash the SP. Maybe not in consideration but did cross my mind. Given the ownership concertation we are all passengers in any case.

Until the DCCEWW investigation is complete; zero chance of filling ponds IMO. I believe issues of non compliance are based on the company's EPA 2022/23 report on its website. Small fines but larger impact to schedule