my theory on recent weakness, page-22

lolly legs thats a good question lolly

I'm pretty sure that gander is looking to get as many (if not all of the ipo) into insto hands rather than retail holders. (mentioned by t4p previously)

I would have thought that getting a key backer into the IPO would have to be (and i'm sure they would want to anyway) announced to the asx.

i believe that gander is heading to the UK next week. One can only hope its to stitch up some insto deals. Clearly negotiations must be advanced as I'm sure he would not be flying over cap in hand in the hope of stitiching up a deal . if he is we are goooooooone!

If they can announce substantial backers before the end of the month i'm certain the jpr price will be 20+ (maybe even dare i say it 30?) and there will be no need to worry about out of the money expired oppies!

if that happens it changes the game completely! Unfortunately the last month hasn't been kind to biofuels with oil price and SBI debacle, so maybe getting a backer will be tougher ?

Its going to be tight in my opinion but you would hope that within the next few weeks some backers could be announced OR even better that the ipo has closed early oversubscribed!

anyway its getting interesting

MC