Ann: Pro-Rata Non-Renounceable Rights Issue Offer, page-22

G'day redant. It's great to see that Presentation today which puts it all on the table for people to see and judge. It's all there to participate in at the current share price.
Icon management are not deluded either to even suggest that Icon will be developing ATP855 and produce hydrogen. They have a 15 year licence and have 100% ownership. Icon MUST get a very strong partner to join them, or, a cornerstone investor.
THEIR main aim is to raise enough cash to send down another well with the view to produce from it. Those 6 previous wells have proven the availability, but, were "experimental", but, certainly proved the concept in spades.
They've got the plan, they've got the fundamentals, now, need the cash.
For those that don't understand what has held Icon up for so long is that the "green" "zero carbon" ideology has been so successful it has created an economic environment that has made natural gas a pariah, so much so that Australian Institutions are effectively BANNED by their shareholders from providing ANY funds for the development of natural gas. ANY!!!
Looks what's hppened in the UK, black outs, factories only being able to operate 20% capacity, massive costs to households and factories etc etc. Without natural gas, Australia's economy and lifestlye would collapse.
That's what HAS dogged Icon and ALL other fossil fuel explorers for the last 6 years and is now at the stage that the only serious funding can only be obtained from overseas.
At least we are now seeing Australia's richest woman seeing the light and taking up a significant interest in an Australian oil and gas company which is also in the Cooper Basin!!! The wheel (logic) may be suddenly turning!!!!
ICON HAS got a massive asset to develop and current shareholders have this great opportunity to get those Rights for just one cent and new potential investors (and punters) can be buying at the market's lowest levels. They can't do that with an official IPO, which this really IS a back door one.