Agree with you. Cath actually said "there's nothing like ddoing a CR into good drilling results"!! She gave the clear impression that is when they would prefer to raise. But of course the Chairman at the AGM did say that they couldn't afford to look financially weak in the JV or to any potential prredator. Therefor I am expecting a small CR of around $30-$40m on whatever good news is released in coming months such as the farming to other blocks, rig contract or final results from the analysis of FAN and SNE. Then a much larger one after successful drilling in October/November.
H
FAR Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
(20min delay)