Very confusing ....... Not used to read business proposals,...

Very confusing ....... Not used to read business proposals, espiecially the mining ones :)

The new company will be known as GulfX Limited .....

For options (NHEOA) holders: Looks like if you don't take the 6 options to 1 share offer, then after consolidation your options would still expire at 30-June with strike price of 40 cents!!!! We still do not know the new IPO share price would be yet, it has not been mentioned. I would definitely want to know this before I make a decision to convert the options.

Intrinsic value of this new project: Not sure. Hopefully Robbo can answer this tomorrow or next week ....

I guess most of us holders would overwhelmingly vote yes to this proposal, otherwise the share price would probably tank to 2 cents on re-trading :p