03-25-2014, 08:55 PM
To my recollection Botten said OSH has a borrowing facility on standby in case the PNG government didn't buy their share placement.
OSH would then place the 149.4 Million shares on the open market for the same A$ 8.20.
This is a done deal Syd ...
Money given to OSH by UBS ==> Money given to Pacific LNG by OSH ==> OSH owns 22.8% Gross of PRL 15 lock stock and betel nut
To my opinion, there's no reason whatsoever to see any impact on the timing of anything.
OSH would then place the 149.4 Million shares on the open market for the same A$ 8.20.
This is a done deal Syd ...
Money given to OSH by UBS ==> Money given to Pacific LNG by OSH ==> OSH owns 22.8% Gross of PRL 15 lock stock and betel nut
To my opinion, there's no reason whatsoever to see any impact on the timing of anything.
Drivel Maven with Personality