thanks OG for laying it out...imo CR is the most logical event although not certain.....was hoping the 4c oppies might have done the job but that's looking highly unlikely with about 10 days to go....guessing they didn't get support from other large shareholders in moving the SP closer to 4c ..in fact it seems the opposite happened....
..possibly they should raise only what is imminently required...a small entitlement perhaps ..and do it again later or even a placement at hopefully a higher price as the next round of expenditure looms.?
..it might be in the too hard basket for them to individually pre sell more gas....?
..perhaps they should try to sell 33% their share of Cervantes....??
At least some activity appears to being fast tracked forward...
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