A bargain in hindsight indeed - no, I didn't get those and they sat there for a few weeks unwanted - I did seriously consider buying them but I already felt I had enough of them!
In regards to conversion the only holders who can vote on the 3:5 conversion at the AGM are shareholders who own the fpos but not the contribs. The main holder here that can vote are the Malaysian directors and they state in the notice of meeting they support the resolution. Accordingly 1.6 cents ( or the equivalent of 2.66 cents per fpo ) seems like a good deal to snap up....
I see good things happening in 2017
Best wishes
Crackity
Ann: Award of Drilling Rig Contract - Ophir Oil Development, page-10
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