jake002/stocksa,
Yes excellent point you both make.
However would the current AOE shareholders be happy with a reasonably considerable dilution of their shares (maybe AOE do an SPP at the same time)???
This dilution will cut into growth of EPS and leave Shell owning a very big stake in AOE.
Would FIRB approval need to be gained if Shell were to get hold of another 15%. How much does Shell have of AOE right now as a % of their shares, anyone know exactly??
Cheers
Muzza
PES
pepper residential securities trust no. 21