firb approval for ow, page-2

Cant remember if they originally had approval to go to 30% when they reneged on the $3.90 placement or whether W.M said they wanted to go to 30%.

either-way the holding of the top 3 and the recipient of a potential 40m shares from the underwriter makes 50.1% control of the company look like a given now - It will be interesting to see if W.M,s reported 30 year friendship can stand the test of time and CDU doesnt get the normal hatchet job done on them like countless other Aussie miners


hOOt