CPN 0.00% 5.2¢ caspin resources limited

Ann: Proposed issue of securities - CPN, page-4

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    If OZL had stayed independent (unlikely now) then it was likely to have brought in a minority partner, and there would have been a contingency payment, given the sort of pricing they’d have got.

    Presuming the scheme with BHP goes ahead, then OZL/BHP will not be bringing in a minority partner, and I see nothing (as a layman in these matters) to trigger a contingency payment.

    Surely CPN are tacitly acknowledging this by doing a CR now?

    EL
 
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