A CR wouldnt or shoulnt be holding AUT backEven $10m at a 10c...

A CR wouldnt or shoulnt be holding AUT back

Even $10m at a 10c dicount is only a 7% dilution and a 5cent post CR loss. But imagine the accelerated drilling $10M could deliver.

At 10% its equivelent to accellerating by 14 wells at 10%WI , 5 plus at 25%WI.

So a 5% dilution or more likely a $5 debt facility .
At 5M CR at 10c discount its a 3.5%dilution and 2.5c post CR sp hit.

So AUT will with stand any CR necesary at presnet.

Of more concern is ADI and if it will need a new CR if it fends off AWE.

So the best outcome is a significantly raised bid and a takeover date after july.

We just need to get this garbgae gone so they can get on with drilling asap .