Ann: Ardea KNP Goongarrie Hub MOU with Japanese Consortium, page-179

I have recently seen this additional 10% request in another stock holding of mine at their upcoming AGM. Initially I was quite against the concept of voting for further dilution but the more I read into it, I interpret it as a fallback contingency facility for management as opposed to any primary strategic target. Thus having the pre-approval from shareholders all locked in, just gives them a clean route to a 'break glass for emergency use only' option if required.

Maybe also it is a 'trendy' item to shoe into an AGM, probably adviser-led more than management led.

I would be interested to hear others views (from the neutral-ramp contributors please!) in case I am being too kind on my interpretation for ARL and also my other holding which has shoed this into their AGM schedule!

Oh and if I'm not mistaken, the validity of the approval is only a 12 month period.