Why so negative - all the bad news is out.The only really bad...

Why so negative - all the bad news is out.

The only really bad news, and that would be a disaster, is if Blade Petroleum somehow reverse their demand to buy back Raisamas 25% after 26 June for failure to satisfy the funding conditions. I dont believe Blade can legally reverse their decision once they have given notice.

It is more likely that proper funding with drawdown facility has been agreed to satisfy Blades finance conditions. ie As per the last funding update announcement.

Or a takeover bid for Raisama. That would be welcome news providing its above 11 cents.

I cant think of anything else - maybe more oil found