yes Boysy, there is a bit of excitement here but they are going to raise 7million on top of any other deals they have in which they have pre sold of a portion of their newly awarded 'prized' asset.
look there may well be a price increase but it wont be quick, frist they need money and as we know OBL will do anything to get that - must secure pay packet first!
then the time frame for all that is required is so far off - it will be at least six months before any seismic is done and then minumum for another six months(maybe even a year or two) to see any drilling
I wont be buying any of this until at a minimum the cap raise and dilution are sorted - will they even do a consolidation too?
CJ2K- no doubt holders were waiting for this ann but my point is - the SP wont go anywhere when they have to do a massive cap raise - we all know the cap raise is coming and the 'big' boys wont be on this until it is sorted.
I too watch with interest
OBL Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
