capital raising to commence drilling of jaya s, page-30

Shadders ... "Kinda doesn't matter?"... if a Companies MCap is $30m and they hit signif oil gas the companies value could rise multiples that mcap depending on the size of the hit... If the MCap doubled to $60m the shares price would double to achveive that valuation .... It doesn't matter what the number of the shares it has.


By my quick back of the fag packet calc we will get 1 Share (to buy at 0.006c) and half a free option for every 6 Shares we own at the record date ... which has not been announced yet... which will be some time in the future... ie not backdated...


All is IMHO DYOR to confirm