Honeymoon Recommencing Production?, page-10

perhaps one small sneaky top up placement then bang .... certainly potential for a few surprise announcements I think.

Davey's would hate to see a cheap placement now I would think.

I also think that the swap of direct project equity for shares smacks of cleaning the decks for a deal. Why would you sell your direct project interest if you felt there was a risk that you could get hugely diluted. The only reason may be if the board notified him that they were getting close to when he would have to chip in his 20% of project development costs and I don't believe that is the case but would need to look back through the agreement to see how far he was to get free-carried to. I am just guessing but often in these types of deals it is until DFS or BFS or DTM.

disclaimer; the above post has been placed in the spirit of the forum where small holders get to swap their opinions despite probably being wrong so do your own research.