Ann: Entitlement Issue closes raising $8.8M, page-19

If the options are in the money and they were all to be converted it would give the company a bit over an additional $15 million precluding the necessity for another CR prior to the FID. That’s my take on it for what it’s worth, even though PB has stated he expects the FID to be done by then I don’t think there would be too many LTH’s on here that would expect that to be the case, myself included, although I do hope I’m wrong as it would mean the options will be in the money. Having said that the uptake of the entitlement is quite pleasing to see, and I am personally very happy to be receiving a large amount of them.