Try "Notice of receipt" fro Blade Petrloem that the Legavi...

Try "Notice of receipt" fro Blade Petrloem that the Legavi finance does not does not satisfy the funding condition. So on 26 June Raisama will loose 50% of their 50% interest. Actually they don't loose it, Blade must buyback that 50% interest at fair market value.

As i previously mentioned (last Friday's post) at 25% interest will more than exceed the current market cap of the whole of Raisama, so it's not such a problem.

The problem will be proving what fair market value of 55% of Cadloe project is.

The best way is to have an actual offer to purchase.
The other way is via NPV calculation. Greater emphasis is placed on a written unconditional offer from a fully financed company with skills in oil production.