There's no basis for that statement whatsoever @futurenow. This wasn't a market raising.
The rights were un-brokered. The Lundin deal was un-brokered. The company kept all the shortfall from overseas holders which was similarly un-brokered.
The real news here is that Lundin will spend US$24m drilling and pay PolarX US$20m if this season shows the alteration they expect at Saturn. ie, PolarX is now funded for years!
Will be an interesting season with huge upside and little downside.
Ann: Completion of Entitlement Offer and Shortfall Issue, page-9
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