Seems to me that this disills down to:
The existing holders of convertible notes (the bank) are extending access to a further 6.655mAUD in exchange for 800million new shares thereby increasing the register by ~25% but getting the project some working capital.
Sekoko is relinquishing its stake in FSE (worrisome - but makes me feel that TT has probably a negotiated a personal stake in Ariona - which in turn has a stake in FSE).
TT is cosying himself into bed with FSEs bankers.
Project has cash to move forward but the cash comes with conditions.
Positive progress I think.
Interesting that they didn't reduce the register though.
Seems to me that this disills down to:The existing holders of...
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
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