notice received, page-27

Agree that Pathfinder-2 is now more critical than ever and will determine how we go forward financially. At the moment, he would have to give shares away and smash the SP with a CR to "anybody". "Free options" as a "sweetner", must be joking!! NIL value on any free options and the CR strike price will be at a huge discount!!
MUST surely be their very last resort and I can't see them doing that while the SP is so low. There are till 4 months to pull a rabbit out of RC's magic hat for the AKKOAs, a heavilly discounted CR would put an end to that absoluteley. Won'thappen.

To maintain any credibility, I can only see two alternatives, selling down assets, including PEL105 and/or j/v with a solid partner who can give cash up front and to carry us for next three wells.

That ann today is just a certificate that RC can flash arround to boast about their ability to deliver. Sure, we are a small mob, but we deliver the goods. Can hear him spruiking that all over the industry and financial system.