Market Reaction, page-70

That Macquarrie paper is from Oct, 4 months out of date and lamenting the cum-raise dilution risk. Point being it's out of date... has nobody got a broker report to post with any explanation from the spivs? Mac's target price history (in reverse order) since Pavo discovery reflects the colonoscopy that investing is junior oilers seems to be (makes the minerals Lassonde curve look like a short comfortable lie down).

Every bit of CR dilution or project delay was well front run by this large leaky oil industry full of consultants and employees of the many companies involved with the Bedout play. I get that, I want to know why they are more negative on after this deal then when CVN was cum-raise risk and yet held 14.5-15.5c range for the previous 6 months? NEPSOMA approval, funding largely de-risked, even political noise startijg to sound more sensible about gas being the worlds best and required transition fuel to renewables etc. Yet here we are???