steve old chap, i rather fancy that your option 1 is the one on the mark. the original convertible bond was approved by shareholders at the AGM in late 2007 (I think) but it was not evergreen. it was put again to shareholders for renewal approval at a GM in early June this year. which they did. some details were changed, but the deal as announced overall stayed pretty much the same. this was all laid out over many pages in the GM docs and will still be available on the ASX list of company announcements. so far as one can see, this is just ongoing business that started long before BG appeared, any connection now would seem unlikely. either folks have short memories or some of our posters are more prone to speculation than research.
CTP Price at posting:
8.5¢ Sentiment: None Disclosure: Held
