I would have thought the R/I is Independent of the ERM deal. If the ERM falls over because of some issue raised by DMP, then I would have thought, that the R/I would still need to go ahead.
maybe there is some reason that the R/I is being delayed because of the delay in getting approvals from the DMP?
certainly, in the R/I documentation, maybe they feel that the R/I Take-up will be problematic because the ERM deal is in limbo? that's probably right.
I was thinking that the R/I is delayed because EGO are hopeful of executing a value-adding deal, which would increase the take-up by s/h of the R/I. I am thinking of a farmin deal. And that would take a while to put together.
But a farmin deal could not be consummated until the DMP registers the change of interests I guess.
cheers
EGO Price at posting:
0.6¢ Sentiment: None Disclosure: Held