RE:RE:RE:Spring RBL redeterminationPeak, wouldn't buying more equity by Delek force them into making an outright bid on the company. I thought that's why they had to keep their initial purchase under 20%. If my memory is in tact, I think, by UK law, that Delek can only purchase another 5% per year or they would be forced to make a formal bid. I believe that this was exaclty the problem that Mr. Oil (or whatever his name is - a Trumpism would no doubt be LOSER) got his mother into when he used her pension money to take a huge postition in some junior oil and gas company and then was forced to give it up because he didn't realize that taking more than 20% in the UK is deemed a bid for the whole company? But I digress. Point is, IAE doesn't have a lot of room to manuouver here. Perhaps we see some kind of mezannine level financing here at a hefty interest rate just to tide them over until first oil. That is, If they actually need to put up more cash to hold off the banks. I could certainly see that happening, maybe borrow a cool 50 mil from Angus the Loan Shark at some exorbitant rate. Angus would change LIBOR + 9% + a ton of Hagis + a case of Lagavulin's finest. So no dilution, but a bit more debt at a high interest rate. If they don't use it then simply give it back when Stella is up and running.