Q&A for Dave, page-10

Good stuff Spiney/Mikemike!

1/
Recent news suggests Alaska's plan to issue US$1b in bonds to pay off oil & tax credits could be delayed by up to 18mths due to a lawsuit challenging its constitutionality.

From that, one might expect a knock-on delay with the backstop provision to pay companies holding credits that choose not to participate in the bond plan, ("...Revenue Commissioner Barnhill said the $100 million could also be used to pay companies if a bond sale is delayed because of the litigation, but that likely wouldn't happen until sometime in 2019.").

So, if the US$2.4m net after the Brevet settlement (assuming say a 10% cash haircut on the credits, and that we take the cash option) isn't available until late(?) next year, does that impact the timings and options around financing our planned activities this side of the 31/5/19 Nanushuk drill?

2/
...and if it does, and we need to, once again take advantage of the 7.1/7.1A mechanisms, we could well sit at circa 7B shares on issue in 12mths time.
At what point in time does consolidation become an irresistible option?

*** NB: If someone on this board feels able to adequately able to answer my Q's, or if they are a nonsense, let me know. I do not want to unnecessarily trouble the Great Wall.