this weeks blackboard special- besbs play..., page-5

Decided to buy into GBP over the last week. Finished today @ 18c. Like many here, looking at a simple BESBS play. Given cash at hand, less likely to do a SPP before drilling although one can never discount a quick capital placement. Provided that it is done at a much higher price closer to drilling, then little downside as I see it.

Given the SP on the first Ugandan drill hit 29.5c (as PLM stated), this one has the benefit of a better market environment although I have found a 2nd attempt is usually not quite as popular as the first. Given these 2 points balance out, I am hoping for 25c - 28c but more than happy to be proved to be too conservative!