Ann: Trading Halt, page-61

Floggit I agree that small companies do sometimes bite off more than they can chew, (although this group have fought dragons before and won - Xstrata, etc.), and it did originally unsettle me to think they were taking on that ectra 10% in perpetuity. But in fact, that risk remains covered by dilution clauses thereafter. So all what Antipa actually risk here are the proceeds of the current capital raising. And what they have achieved in reward for this is to maintain the right to keep 35% in perpetuity if they eish, and they have funded that for the coming year, which will be a year of massive value increase in the JV. And they have also retained the option to dilute further at any point if they have a better use for the funds elsewhere, eg. at Minyari deeps: the potential new 'Havierion'. So this is all good as far as I am concerned.