SP3 - a rough calculation, but if there is $1,400,000 left on the Deliverable Bond and Arup is allowed another 2004 million shares then the next round of Arup 3Bs will be worth ~.007cps. Would that be right?
So IF it is Arup doing the dripping then surely they will still be on top selling into 8c. The tree has changed its shape IMO.
Overall dilution will still come in under the 600m Monash heads and tails I alluded to before; but only just. And then there's the potential FF 3Bs to consider...
ESI Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
