Ann: Appointment of CEO, page-117

If they are going to raise soon, I'd probably prefer a straight out placement to strong hands rather then a SPP to shareholders. What would be ideal in my view would be a placement offer to one of or both Saudi groups, where as they get a percentage control of VB. We know from past announcements that this has been mentioned. This Imo could be done before binding agreements signed.
If they are keen on VB and from most accounts that's what it looks like then can't see any reason why they couldn't commit early to the project. Unlike a SPP offered to shareholders this would ensure that the new shares wouldn't be sold off into the market causing weakness. It would also send a very signal to shareholders. As they would be part owners of VB this also I think wouldn't affect the up to 75% funding from the Saudi's to the project down the track.
All Imo only.