Good question Scanman...."As part of the arrangement, should...

Good question Scanman....

"As part of the arrangement, should Takoradi’s share price trade at a price of 1.8 cents per share at any time within the next 3 months at a 60 day weighted average price of 1.8 cents per share, Takoradi can elect to call for the conversion of the Note into equity at 1.5 cents per share. If this occurs there will be no interest due on the Note at the time of the conversion. The cancellation of the interest also applies to the existing $3,750,000 Convertible Note that was drawn down in December 2006"

So far except for the one day spike in late Sept, the stock price hasnt traded at 1.8c...so for the '60 day weighted average price of 1.8 cents per share' to happen it has trade into the mid 2s over a period of a couple of weeks to sustain the average.

Thats a positive sign for me......its means that we are looking for min 1.8c + over the coming weeks and if that happens only ~ 7.33% (220 mil/3000mil) dilution occurs. Also TKG will save on the Interest that comes with conversion, Sentient will have a greater interest in the company which by their track record is great which they are expected to hold until a significant return. (see their Investment Strategy)

Good luck to all