Ann: Fully Underwritten Capital Raising to Raise , page-9

re: Ann: Fully Underwritten Capital Raising t... Misinglink,

The link you are missing is in understanding what Sentient is all about.

Sentient manages many funds that typically last for 10 years before investors can exit.
This means that they can be independent of the business cycle and short-term thinking as we see expressed by Australian super funds.
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The 73% holding in IRD represents a vice like grip of control over the asset in CEIP.
The Chinese steel mill that attempted to take over Arrium at vulture prices could not succeed here. Sentient typically brings a resource through the exploration and development stage before taking on partners and diluting itself during the heavy expenditure phase of construction .

Large positions held by firms such as Blackrock on a register are not necessarily friendly; on many occasions they will short sell stock to drive the price down when it suits them.

The 73% holding prevents this from happening.

Until proved otherwise I am happy with the situation to date.