Ann: Share Placement and Share Purchase Plan , page-20

Hey guys

i have been thinking about this one, over the weekend and i think we should all take a deep breathe and actually think about what we are going to do.


158mil shares were raised to instos at 1.5 and the demand was higher than expected, why the hell would these ppl want the shares to fall down to 1.5c to break even and the extra 150 mil shares which are not available till atleast spud date to us supposedly long term holders can easily be soaked up by only 150 holders laying out 15k dollars (nice work kata). I wonder if those instos can get them before me part of the SPP as there is no rules to buying them (that i can see a small holding of 1 share allows you to bid for 15k at 1.5c wow easy money if the shares are higher).

Im thinking we are going to see panick sellers from holders which will be soaked up by these instos and a possible pump before drilling.

I have never seen a share placement to instos ever fall and never recover!!! Remember everyone wants to make money and if they never did equity raising would never occur!


If the drilling wasnt so close i would probably sell on no upcoming news but its too risky trying to get out and in near 1.5c and possibly trying to be part of the SPP when i or any of us could easily miss out and rue the chance to make money. That been said it could stall until we find oil and if we dont it could fall further so please actually think about what to do before panic sets in and the price fluctuates as in 2-3 weeks time we could be a lot higher.

My mind has been like a yo yo the last two days do i sell and buy back in, do i sell all my shares leaving me with 1 share therefore staying on registry and partcipating in SPP and try and get 1mil shares and possibly receive nothing or do i just hold and see what happens over next two weeks and possibly try and average down to 1.5 with spp?


What does everyone think?

And Mitis the oil in place could have improved because the seismic data received by santo could have helped better deliniate a better probability of success.


Why did Caspian wait till they had all the seismic data before unleashing this capital raising and drilling by suprise so soon!! Did they get the push from investors wanting in after presentation or did Caspian really like what seismic data that was returned?

Oh the possibilities are doing my head in........ I will sell within a heartbeat if the shares run hard to 7c and buy cheaper if i can so this post is not a manipulative ploy im just posting what i think so guys please just read it for what it is and agree or disagree but please provide your thoughts

Thanks and good luck