Ann: Rights Issue Acceptance Notification , page-39

ps Timber after the dialogue is still has come back to my mind that I see it hard for ORD to moentise Calednon option in short term.

Despite Gram putting pressue for early exercise of option as long as no legal requirement in terms of time frame (seen no such condition evident) I just can't see how ORD can monetise this option in short term, or at least for anything of note cashflow wise.

In an upcycle, calendon deal option would be nice little short term earner...that is just the problem we aren't in a commmodity bull market