So how is this going to play out? Lets say the takeover is...

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