I don't believe a CR is the intention here. Hense the share price strength.
Eammon is a smart operator who is out there looking for joint venture agreements.
The last option is CR in his eyes. I wouldn't be surprised if he gets one of the majors into a farm -in agreement. this is how smart operators work, without diluting stockholders, them included.
I reckon Eammon picked up a trick or two alongside Twiggy for so many years.
This is exactly the scenario Fortescue metals was in back in 2005, when the brought Chinese partners in to help fund his growth.
Our biggest Shareholder is a massive Chinese private equity firm.
So if no deal eventuates with miners thats always another option.
Either way ,we are certainly on track here.
It will be interesting to see major shareholder movement next update also.
Happy days ahead
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