Is this why the consolidation was done? I like the way this...

Is this why the consolidation was done? I like the way this agreement is structured, equity payment but based on price 6 months from now, by which time we should hear more updates on the financing front. It also seems quite a simple calculation for immediate value accretion even just taking into the extra year already added to the LOM plan so I like it from that perspective. Of course this stock won't re-rate until funding is secured at attractive levels. The concern with the consolidation is that perhaps they are looking at the option of full equity funding like TIE did. The ownership structure is more concentrated than TIE, so could be an option they are exploring if they can get the major shareholders on board. Will be tricky though given L1 only just topped up. In the meantime we wait.