Start of Something Big, page-17

Freehold, I doubt those 32m options will be exercised as the price is $1.50 and $0.50. If they are included in the calc the $21.5m cash received would add to the MC.
Also, the 18.9m shares not issued are not shares, they are 4.7m unlisted options ($1m) and 14.2m con notes. Rough calc using current 85% 10 day vwap (1.5c) would convert to roughly 84.3m shares and result in that debt being eliminated ($1.3m).

The numbers will probably move around a bit until additional info can be given and the 67:1 ratio imo is likely to change. I had a look at MYA and there final consolidation ratio was different to the original 20:1 as was the issue price of CR.

Qtly will confirm cash and Oil revenue shortly and if that revenue will cover admin fees going forward so people can then objectively calc a value on the as is basis and then there is the 2 proposed acquisitions to consider.

Whether we hold or not it will be interesting to see how things pan out and thanks for putting your numbers up which was helpful.
Cheers