re: Ann: Heads of Agreement - $50 million far... It should push...

re: Ann: Heads of Agreement - $50 million far... It should push towards 25 cents at least. Outback Energy Hunter would not have made a commitment to purchase any shares at 25 cents at all unless it intended to do so (i.e. only bidding up the price of a company that they might be interested in taking over completely). Of course there is the issue of Outback Hunter coming through with the finance, but given the guys involved it shouldn't be a problem.

I think 25 cents is a fair price regardless of the farmin deal, so as word filters around I think it should gravitate to that price - in days or weeks, I don't know. Given low liquidity we only need a reasonable inflow of new holders ($1/2 million) capital to get there.

Reminds me a bit of Strike, a significant de-risking event without a sharp short-term price response.