"Octagonal Resources Pty Ltd and its related companies...

"Octagonal Resources Pty Ltd and its related companies (Octagonal Group) are the Company’s largest shareholder and largest single creditor. The Octagonal Group has conditionally agreed to a majority debt to equity swap by way of participation in a proposed rights issue that would involve an up to $5m equity investment in the Company. This may result in the Octagonal Group becoming a 20% to 25% shareholder, depending on subscription levels by other shareholders. The support of the Octagonal Group is conditional on, among other things, the re-capitalisation plan being agreed to in principle by all stakeholders including all other creditors prior to 1 March 2019."

Octagonal becomes a 20 to 25% shareholder so does this give an indication of what the CR will look like?
I am all for it and would stump up more cash of course after reading the fine print. But seems a way forward still a few hurdles to get over but all will be revealed next week. I am only a small shareholder of course everyone has their own agenda but sounds like a plan.