I apologise if this has been covered before in other threads,...

I apologise if this has been covered before in other threads, but in the (very likely IMO) event that EDE has a CR of up to US$37m soon to fund Georgia 1A (as per recent US Investor Presentation), I wonder about the impact on TAS?

On face value it would appear that either the TAS holding in EDE would be diluted by 10% or so (if they don't participate in the CR, which would have an impact on EDE), or they will need to find up to to AUD$20m to fund their 39% of the CR. Which to me implies a CR themselves?

I wonder if anyone has done the maths on this or evaluated the possible scenarios? Remembering of course that the Solomons control both companies so the impact would be well coordinated.