I totally agree with your conclusion Adanac1.Like you I believe Petrohunter would have needed to come up with $1.5-2.0 million to fund their share of the program in Australia over the next 3 months That being the case the finger is rightly pointing at them.

One or two other aspects of this deal also intrigues me.The fact they could find a home for the shares so quickly has to be very good news aswell.I like also the two brokers in the transaction. Maybe I am adding two and two and getting five (I bet not) but given FO Management's likely overseing role in the deal this looks very interesting.

We shall see