if there is a bounce, say more than $2.10, then it is unreasonable to ask for CR with a sp as low as $1.20 so that the big boys keep their 49% interest without puttting up more cash.
Anyway I don't see an advantage for me as existing holder to sell at below @ $2.500 (my estimate of double the current sp). Whereas new buyers would have to buy in at whatever on offer on the market on Monday and Tues to get the bebefit of the low price on entitlement offer and of course to get in Caudrilla (if they believe in its potential as most of us here do). BUT I could be wrong.
Cheers
tgn01
sale of 25% interest in bowland prospect, page-40
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