I suggest that instead of you giving the likes to RedB, the...

I suggest that instead of you giving the likes to RedB, the ultimate LLL pumper, you question him on the below as part of one of his recent post. He might reply himself, as he is my secret follower after all! lol

"That leaves % ownership, we were always going to be 40%, we lost 5% equally offset by 10% less dilution with the cancelation of the placement.
That brought us to 45% of the 80% JV ownership, or 36% (so we really only lost 4%)
Yes if the new mining code was to be applied we could lose 45% of the extra maximum 15% our JV could lose - an extra 6.75% bringing us down to 29.25%"