I know where you're coming from, and I might be off the mark...

I know where you're coming from, and I might be off the mark here, but I think there won't be too much selling down on the news. Let's say for argument's sake that we have a very conservative 300PJ converted to reserves; this would have to give us a MC of say $500M - our current MC is around $149M and so if the value of the company has trebled, the value of our shares should also be worth 3 times as much so to me it wouldn't make sense that there would be a huge sell off resulting in the SP going down

There will naturally be a retrace to follow as people want to bank profits but I can only see this one way going forward should the ann be half decent.
Then again, I'm seeing some strange things happening on the market lately so take what I say with a grain of salt. DYOR and GLTAH...