Interesting question.
I think at the moment its a little tough to calculate. Theres a lot of moving parts with the merger between linden and BTR. Theres also the KWR M&A as well as Linden and Lord Byron M&A to consider.
Linden was tightly held with founding partners, chairman's list, cnr stone (SBM) and some high net worths.
BTR had done a lot of raises through the old management and was originally Stone Resources (SHK). The company is in a vastly better position from the dark old days, but the registry could definitely do with a clean up. Mergco announcement had a 50:1 consolidation suggested.
Ann: RIU Sydney Resources Investor Presentation, page-8
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