worst case 3c per share cash best case cadlao , page-42

95% of Raisamas worth is Cadloe project.

If Blade want to fully fund the project, then not only can they pay the $7.5 million but also negotiate that Raisama can a share of the project (on top of their Venturaoil interest) Otherwise no deal, and we'll wait for the arbitrators decision. Note whilst there may be an appeal process, that may not be possible. See below.

"In a recent case, the New South Wales Court of Appeal has reaffirmed the court’s commitment to upholding Parliamentary policy to restrict judicial review of and interference with arbitral awards.

The decision comes as part of an increasing recognition in Australia across the legislative and judicial spectrum of the growing importance of both domestic and international arbitration.

Parties in contracts with arbitration clauses should be aware of the judicial and legislative trend in favour of enforcing arbitration agreements and limiting judicial interference with the finality of arbitral awards.

Parties cannot and should not assume that they can treat an arbitration as a ‘dress rehearsal’ before proceedings are effectively re-litigated on appeal." (Freehills, May 2010)