thoughts on recent announcements , page-4

If i understand this correctly, how good/bad this pko deal is for oxx holders largely depends on how successful this drill is in NZ, success drilling = higher share price = less shares need to be issued to pko holders. Alternative dry hole = lower share price = more shares/larger % of company issued. Is this a valid statement? Opinions please.

Also, is there anyone out there who could remind me how to convert the cue shares that were dolled out by oxx a while back to be chess sponsored? Thanks