General discussion, page-663

@darchand re the entitlement offer.

Given the project is funded I think the most they may raise is $30m
Given we'll have close to 1 billion shares on issue by then, assuming $30m is raised, for each FFX share you hold you'll be able to apply for 3 cents worth of LLL in the entitlement offer. That assumes everyone takes up the entitlement.

In other words don't expect to make a killing with the entitlement offer - your entitlement will be small.
The only way to significantly increase your LLL holding is to buy FFX between now & the ex entitlement date, or buy on market after the IPO.

Having said that, if capex blows out in the upcoming DFS, they may raise some more, if that is the case I'd like to see them raise more say half way thru the build at a better price, or better still debt fund it.