Well I was right on all counts....now for the guessing....... to comply with chapters 1 and 2 they will need to have the consol ratio at 20 to 1 then a CR at 20c ($10m). This CR will involve 20c oppies (to facilitate a further CR down the track and a sweetner for taking it up)) and half will be on a pro-rata basis for existing holders. All the PPW needed and recompliance will take us to at least to the end of year. All IMO only.