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update 14, page-11

  1. 6,736 Posts.
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    I'd hoped that the entitlement offer would have been fully subscribed as that would have left us with most of the money that we would need for Nyuni #2.

    As it is now, it's barely enough to scrape by for Dunnart #1, Dibbler #1 & Lidsey #2z.

    It is possible that Aminex may agree to KEY reducing their stake in the Nyuni block (or possibly even West Songo Songo although that is rather doubtful) in return for them covering our share of the costs. It is not without precedent as Aminex did this with BUY a couple of years ago reducing BUY's exposure from 6% to 5%

    I wish I had the answers but I don't so I'll just have to sit back and hope for a very happy new year.
 
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