I'd be hugely surprised if it got anywhere near 1.2-1.4c though...

I'd be hugely surprised if it got anywhere near 1.2-1.4c though I realise you're just winding people up.

It will fall quite a bit, make no mistake, but at 1.2-1.4c you're saying 80% of Range's pre-announcement value was made up of Puntland. That's just plain wrong.

As always, if you're waiting to buy, don't buy on the initial drop, wait it out a few days/weeks to see where it settles at IMO. 3-3.5p will represent a good buying opportunity if it gets there and stabilises. Don't buy until it stabilises though, that's a great way of losing money.