Ann: Jacka completes US$12 million farmout of Som, page-5

re: Ann: Jacka completes US$12 million farmou... I tend to agree with your views ikazo, but you have to look at fundamentals here. In my view worst case for SP is around 7-8 cents, remember the rights are only 1 for 8 so no major dilution resulting. The cash holding now makes the offer interesting and again in my view worth shareholders seriously considering taking up their allocation plus more. I have and will watch carefully how the market responds when trading again. Remember the free options MAY ultimately have some worth too