aragon hits 2 million ounces, page-25

jt

cash is fine, get the cash for WGR by selling the AAG holding. Gives the other guys 20%. Then AAG issue whatever works out to be 31% again to get over the line of 51%, (so really just over half the total holding currently not held by WGR). If MLX jump on board you issue even less new shares.

You end up with a heap of shares on issue with a price that will probably be the issue price of the new batch of shares.