Ann: RRL: Market Update - Discussions With Capricorn Metals Ltd, page-25

@Davisite

With an 18.93% holding in CMM Hawke’s Point are limited in how much of any future CR they can participate in before they run into the 20% TO ceiling.

Any large capital raising is likely to dilute their interests. At least small shareholders can buy more shares to stop themselves getting diluted. Hawke’s Point only have another 1.07% of the compamy available to them in the near term.

This makes you really wonder what Hawke’s Point’s plans are. They must be confident of some other anvenue to realise a bigger gain on their investment. Perhaps they know of alternative interested parties lurking in the shadows? Esh