It looks like Charles Morgan's increased holdings is via Seaspin underwriting the rights issue and the shortfall not taken up by shareholders. Either way it seems a vote of confidence from him. The CR was a big dilution but was really factored in months ago when the spp was first announced and what really hurt was the CR ann preceded bad news. It would be a bit like if QPN had to raise money now while the sp is very low. Anyway better to focus on the now, not how we got here.
La Posada- could be very big but we're only in for 5% at the moment and increase upto 10%.
D&L2- gge owns 39.5% small production at present and should increase.
D&L3- also 39.5% good prospect for gas and drilling soon.
D&L1- ??? not a duster more like a geyser
how could it take 150 days, page-19
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