Ann: LKO: Recommended Takeover Offer for Rawson Oil & Gas Limited, page-24

So how is this going to play out?
Lets say the takeover is unsuccessful (they are not getting my RAW shares at this price!)
Lets say LKO don't reach 51%, so acceptances are sent back.
LKO still owns 17%.

Does the company get on with its day job and still get funded and drill the well? I would hope so. But when they are taking a loan at 10% interest for working capital I would say that the directors are thinking of themselves being elsewhere....? Doesn't sound like they are preparing to drill an oil well.

Gosouth